Used Sales Hit Five-Year High
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
BANDON, Ore. –
It was the best used-vehicle market in five years, according to CNW Research, which said Wednesday afternoon that 2012 full-year used sales reached 40.5 million units.
This marked a 4.5-percent year-over-year gain and was the market’s strongest yearly sum since 2007.
Franchised dealers commanded close to 37 percent of the used-car market, CNW said, with independents at 34.6 percent.
Offering some December-specific data, CNW pointed out that franchised dealers saw their average used-vehicle transaction prices climb nearly 10 percent year-over-year at $12,678. This was pushed by the fact that they had a great deal more two- to six-year-old vehicles arriving on their lots, the firm said.
Meanwhile, transaction prices for independents last month was at $6,910. This was relatively static compared to December 2011, when prices were at $6,943.
