Expect monthly used-vehicle sales for November to end up a good bit softer than they were in October, but the seasonally adjusted annualized rate should actually be about 2 percent higher.
An Edmunds.com analysis released Monday is predicting an estimated 2.64 million used sales for November, down from 2.96 million in October.
However the used-car SAAR is projected at 36.3 million for the current month, versus 35.6 million last month.
Drilling down into that November projection, 878,000 of those 2.64 million used sales expected for the month are via franchised dealers, according to data that Edmunds shared with Auto Remarketing. And certified pre-owned sales are expected to command approximately a 22.5-percent share of franchised dealer used sales for the month, with about 197,000 units sold.
This forecast comes a week after Edmunds released its Q3 2014 Used Vehicle Market Report, which provided a fairly in-depth look at how used-vehicle sales performed in the first three quarters of the year.
Total used sales through three quarters were at 27.89 million, down 0.2 percent year-over-year, Edmunds said in the report. For franchised dealers, in particular, they were up 3.9 percent at 8.59 million.
In the third quarter, there were 9.16 million total used sales (down 0.4 percent year-over-year) and 2.97 million used sales by franchised dealers (up 3.7 percent).
In the report, Edmunds also took a close look at the certified pre-owned segment and its role at franchised dealerships.