Edmunds Forecasts 36.5M Used SAAR for Nov. & Spotlights Fastest-Turning Models of Q3
As the Thanksgiving holiday approaches, Edmunds.com turned its attention to end-of-month used-car sales projections, saying Thursday that it believes November will finish up with about 2.66 million used cars sold.
This would represent a SAAR of 36.5 million.
The November monthly unit sales projection would be decrease from October used-car sales of 3.04 million, but the SAAR for November is nearly 1 million units stronger than October’s (35.4 million).
Through the first three quarters of the year, there was a shade higher than 28 million used sales industry-wide, according to Edmunds’ Used Market Quarterly Report.
This represents a 3.4-percent decrease from the same period of 2012, but Edmunds points out in its analysis that franchised dealer used sales through three quarters were up 7.3 percent at 8.22 million units, “indicating higher lease return and trade volume.”
In the third quarter, franchised dealers moved 2.76 million used vehicles for a 2-percent hike, according to Edmunds.
Drilling down into the firm’s data for the quarter, Edmunds found that the fastest-turning vehicles for franchised in Q3 were compact trucks (33 days to turn), followed by compact cars and midsize traditional SUVs (both at 35).
Below is the complete list of days-to-turn by segment for franchised deaalers, per Edmunds report:
Compact Car 35
Compact Crossover SUV 38
Compact Truck 33
Entry Luxury Car 39
Entry Luxury SUV 40
Entry Sport Car 40
Large Car 41
Large Crossover SUV 44
Large Traditional SUV 37
Large Truck 38
Midrange Luxury Car 37
Midrange Luxury SUV 37
Midrange Sport Car 37
Midsize Car 37
Midsize Crossover SUV 41
Midsize Traditional SUV 35
Minivan 38
Premium Luxury Car 40
Premium Luxury SUV38
Premium Sport Car 37
Subcompact Car 38
Van 43
Joe Overby can be reached at joverby@autoremarketing.com. Continue the conversation with Auto Remarketing on both LinkedIn and Twitter.