BANDON, Ore. -

It might not be a huge feast for the used-car market in terms of November sales, but at least franchised and independent dealers can be thankful that CNW Research is projecting a sales uptick for dealerships this month.

According to the firm’s Retail Automotive Summary released just before Thanksgiving, analysts predicted that sales at dealerships are expected to help generate a total of 3.11 million used vehicle sales in November, which would represent 0.3 percent lift from a year ago.

After seeing the sales fortunes of independent dealers soften for several months in a row, CNW is thinking the prospects for these lots will improve this month with an uptick mirroring the overall used-car sales forecast.

“Independent dealers have been taking it on the chin for the past few months, seeing volumes decline versus 2013 on a regular basis, often in double digit declines,” CNW president Art Spinella said in the latest report.

“November, however, was a turnaround month for independents with sales up slightly versus a year ago and transaction prices bulking up,” Spinella continued.

CNW indicated that actual transaction prices (excluding taxes, fees, add-ons) for independent dealers are rising by 2.8 percent this month to $9,892.

Meanwhile, franchised dealerships — fueled in part by certified pre-owned sales — are projected to post nearly a 2 percent sales improvement in November, turning more than 1.23 million units. Like independents, CNW noticed actual transaction prices at franchised stores is on the way up, too, climbing by 1.2 percent to $10,849.

The overall November sales projection might have been higher had it not been for the sagging expectations of private-party transactions.

“Casual sales, on the other hand, saw a rare year-over-year decline of 2.3 percent, cutting its full-year increase to less than 3 percent,” Spinella indicated.

Reflecting on the market as a whole, Spinella noted, “floor traffic continued to slide somewhat in the first two 10-day periods of November, but continued to hover in the 100 range.

“The opening days of the third 10-day period, however, showed an improvement. Days’ supply slipped around 5.6 percent on dealer-induced tighter inventory,” he continued.

Also of note, CNW highlighted approvals for subprime buyers is much improved so far this month as analysts determined approvals are 16.7 percent higher than the same point last year.

“When compared to October, the data is virtually unchanged with a slight decline of less than 1 percent,” Spinella said.