3.4 million used-car sales possible in February
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In the first two months of the year, the pre-owned side of the auto industry is pacing towards another year in the neighborhood of 38 million sales. Edmunds is predicting February used-car sales of 3.4 million units. That forecast would translate into a SAAR of 37.9 million. There were 3.0 million used-car sales in January and the SAAR was the same.
Offering a milder forecast, ALG anticipates a possible 3.17 million used-vehicle sales this month, which would beat year-ago figures by 7.9 percent.
Separately, in its latest Used Car Market Report, Edmunds said there was a total of 38.51 million used vehicles sold last year, which beat prior-year figures by 0.6 percent.
Franchised dealers sold 11.57 million used cars in 2016, and a record 22.8 percent were certified pre-owned, according to the report. There was also a record 2.64 million CPO cars sold last year, Edmunds said.
Below is how used-vehicle sales overall have trended over the last six years, according to Edmunds:
- 2011: 36.92 million
- 2012: 37.58 million
- 2013: 35.83 million
- 2014: 36.24 million
- 2015: 38.28 million
- 2016: 38.51 million
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