Spinella: August Used Car Sales Summarized

Spinella Art2a

CNW Research - September 4, 2012

Accord­ing to Art Spinella and the lat­est CNW Research data, August used car sales increased 1.5 per­cent when com­pared to August 2011. Sub­prime buy­ers made up 23 per­cent of those sales.

Read more about August used car sales tally per­cent­age breakdown.

Accord­ing to CNW Research:

  • August used car sales came in at 3,867,892 units com­pared to the same month of 2011’s 3,812,774, a 1.5 per­cent increase.
  •  Fran­chised deal­ers’ used car sales total: 1,480,008 vs. 1,431,489, up 3.3 percent.
  •  Inde­pen­dent deal­ers’ used sales: 1,329,968 vs. 1,424,219, down 6.6 percent.
  •  Pri­vate Party (casual) sales: 1,057,915 vs. 957,086, up 10.5 percent.
  •  About 29 per­cent of used-car shop­pers used a mobile device for locat­ing a vehi­cle, up from last year’s 11 percent.
  •  Total value of all used vehi­cles sold in August $35.56 bil­lion based on an aver­age trans­ac­tion price of $9,193 across all channels.
  • Pas­sen­ger cars rep­re­sented 52 per­cent of used sales with trucks at 48 per­cent and SUV’s of mak­ing up 18 per­cent of the truck total.
  • In all, about 10.8 mil­lion con­sumers shopped for a used vehi­cle in August with buy­ers mak­ing a selec­tion and pur­chase within 4.1 weeks of begin­ning the shop­ping process.
  • Sub-prime buy­ers were 23.3 per­cent of sales.