The research firm attributed the 2% gain in used-vehicle sales to higher CPO sales and a growing inventory of fresh off-lease vehicles. Even independents felt the trickledown effect of quality used vehicles.
Retail expert breaks down a performance analysis that can gauge whether your used-vehicle department is ready for what promises to be an interesting year for the pre-owned segment.
Used-car sales are down for the first half of the year, but not within the franchise and CPO segments, Edmunds.com reveals.
For customers on a budget, Cars.com lays out its Top 10 list of used vehicles for around $10,000. Ford has four models on the list, while Hyundai has two.
TrueCar says the industry is on pace to sell more than 1.37 million units this month, which would put the SAAR at 15.6 million units.
Franchised dealers could grab as much as 40 percent of the used-car market in 2013. The segment was on pace in December to sell 15 million units for the year.
The market research firm says all signs point to an economic recovery next year if nothing disrupts the growing optimism among Americans.
The continued loosening of credit standards is helping franchised dealers move those high-mileage trade-ins, with CNW predicting that used-vehicle sales in October will top the year-ago period by 8.1 percent.
TrueCar puts August’s seasonally adjusted annual rate at 14.2 million despite spotting a 6 percent drop in incentive spending.
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