Used Vehicle Sales in June
Industry sold 4,382,519 used retail vehicles in June, down 2.48% vs. a year ago; Franchised dealers strong w/ trade-ins, posted 4.47% gain, selling 1.684,843 units; Independent dealers slipped 7.96% with 1,474,409 units vs. year ago, and Private Party sales came in at 1,223,266, down 1.21%.
12.34M Used-car Shoppers in June:
2.8 per unit sold and a strong showing vis a vis recession depressed 2009-2011.
Nearly 2.8M Used Vehicles were Financed:
63.7% of all pre-owned transactions w/ 420K buyers getting pre-approved loans.
Detroit-branded Products made up 63.45% of Used Sales:
Asian nameplates at 29.8%, European brands gained a bit of ground to 6.75%.