December 2012

CNW Forecasts Strongest Used-Car Year Since 2007

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When 2012 full-year used-vehicle sales are tallied, the sum is expected to be a five-year high, according to CNW Research.

The firm’s Retail Automotive Summary released Friday afternoon said the industry’s final used sales count will likely reach 40.53 million units, which would be a 4.5-percent year-over-year hike.

What’s more, this would be the best yearly total since 2007, when 41.42 million used cars were sold. It would also end a four-year streak of used sales coming in under 40 million each year.

Edmunds Forecasts Landing Spot for Dec. Used Sales

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As we approach the holidays, it seems used-car shoppers may have been more focused on Christmas gifts than vehicle shopping.

Edmunds.com is estimating December’s used-car sales will amount to 2.71 million, for a seasonally adjusted annualized rate of 29.6 million.

This is compared to 2.77 million, or a SAAR of 38.7 million, used-car sales in November.

Moving along to highlight new-car sales, the site forecasts that 1,361,899 new cars and trucks will be sold in the U.S. in December for an SAAR of 15.4 million light vehicles.

RVI: November Sees Rise in Used Prices, But Increase May Not Last

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November was a big month for the U.S., with the Northeast recovering from Hurricane Sandy and President Barack Obama being elected for a second term. And although there is still uncertainty for the future, the economy continues to move upward — right along with used-car prices, according to data from RVI Group.

In the company’s latest Risk Outlook report, RVI said used-car prices saw a monthly increase of 2 percent in November, and are up 4.4 percent year-over-year (for two- to five-year-old vehicles on a seasonally adjusted basis).

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