Retail Automotive Summary – May 2012

Art Spinel­la
CNW Research
Pres­i­dent

CNW Research — Retail Auto­mo­tive Sum­ma­ry — May 2012

For 1st time in more than 6 months, used-vehi­cle inven­to­ries are vir­tu­al­ly flat in days’ sup­ply; Reflects both tighter inven­to­ry con­trol by medi­um and large used-car deal­ers as well as some­what slow­er floor traf­fic for used cars; It has also result­ed in soft­en­ing prices at whole­sale.

Inde­pen­dent Deal­ers on Verge of Suf­fer­ing Anoth­er Month­ly Set­back in Sales:
First 18 days of May showed Inde­pen­dent used-car sell­ers trail­ing year-ago vol­umes by more than 12%.

Used Vehi­cle Trans­ac­tion Prices for Fran­chised Deal­ers Down 1.8% from April:
Rep­re­sents slight decline in share of ask­ing prices deal­ers are able to get.

Long-Term Trend­line Shows Ever Upward Pre­mi­um Being Paid for CPO Units:
Decline in April CPO sales large­ly attrib­uted to increased price dif­fer­en­tial over same-vehi­cle Non-CPO mod­els.

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