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A Birds Eye View of Retail and Wholesale Used Car Market Trends
2013-06-11 02:56:23| AutomotiveDigest.com - Automotive Industry News
Used Car Market Reports has been showing reports from both facets of the remarketing arena retail and wholesale used car prices and volumes. Art Spinella and CNW Research reported on May 2013 retail used car sales trends main message was volume was up but value was down. Franchised and independent dealers and private party sales saw volume go up nearly 2% versus a year ago, but used vehicle values slipped. Value of used cars sold slipped 3.4% to $39.2 billion versus $40.56 billion last year due to lower transaction prices. Dr. Ira Silver and National Auto Auction Association reported on first quarter 2013 auction results. During that time, an increase in dealer consignment was offset by decline in commercial consignment and overall auction sales volume declined 0.4%. While down from increase in Q4 2012, recent monthly figures show significantly more strength with February through April period up over 3% from 2012. As commercial consignment volume strengthens this year, total volume gains are expected to accelerate. The Article A Birds Eye View of Retail and Wholesale Used Car Market Trends appeared first on Automotive Digest.
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Category:Automotive