3.4 million used-car sales likely for July
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CARY, N.C. –
Look for used-car sales to finish July near the 3.4 million mark, as forecasts from Edmunds.com and TrueCar each landed in that neighborhood.
Edmunds estimates July’s used-car sales tally at 3.4 million, resulting in a 38.7 million SAAR. Last month, there were 3.2 million used-car sales, with a resulting SAAR of 38.7 million, the company said.
TrueCar projected a possible total of 3,441,581 used sales this month, which would beat year-ago figures by 4 percent.
Citing data from the National Automobile Dealers Association, ADESA chief economist Tom Kontos said in a report earlier this month that franchised dealers lifted June used-car sales by 5.3 percent year-over-year.
Independents were up 9.1 percent, he said.
