CNW Research on Used Vehicle Sales Trends

Spinella Art2a

Art Spinella
CNW Research

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%.