Porsche's U.S. dealers sold more certified pre-owned vehicles in June than they have in any month since they began marketing them 17 years ago.
The brand sold nearly 3,000 CPO vehicles last month, vs. 5,000 new vehicles, Porsche Cars North America CEO Klaus Zellmer told reporters last week.
CPO activity "is at absolute record levels," he said from his home via video conference. But what the surge means is not entirely clear.
Rising used-Porsche sales could suggest some softening in demand for new vehicles as the prospect of a prolonged economic recession looms. Even Porsche's well-paid clientele are not immune from getting pink-slipped as the coronavirus pandemic tightens its chokehold on the U.S. economy.