At Halfway Point, Used Sales Ahead of 2013 Pace
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BANDON, Ore. –
Once June figures are tallied, it’s likely that year-to-date used-vehicle sales through the midpoint of 2014 will once again have eclipsed 20 million units, according to CNW Research.
In its latest Retail Automotive Summary, the firm was predicting monthly used-car sales to come in just under 4.5 million, which would push the six-month total to 20.33 million units.
The mid-year mark would be a 0.9 percent increase from the pace of 2013, CNW indicated, although franchised and independent dealers were showing a bit of relative softness in June.
The expected total sales mark for June (including dealer and private-party sales) is up 0.1 percent year-over-year, but franchised dealers are likely to see their June sales tally dip 5.1 percent at 1.65 million units sold, and independents are forecasted to show a 3.8-percent drop with 1.47 million used sales.
That said, both would be ahead of where they were at this time last year, with franchised dealers believed to be up 0.7 percent year-to-date and independents up 1 percent.
Casual sales, meanwhile, are predicted to have jumped 12.6 percent year-over-year in June (1.37 million units sold), with year-to-date sales up 1.1 percent
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