Used Car Sales Healthy in January But Pricing Stagnant, Spinella Says

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Art Spinella
Pres­i­dent
CNW Research

Used car sales were approach­ing 2.3M unit mar­ket, up 4% from Jan­u­ary 2012; Inde­pen­dent deal­ers are more than 15% ahead of their 2012 pace, and fran­chised deal­ers are ahead 14%; pri­vate party sales are down about 16% — trend started in last quar­ter of 2012 and should reverse course in Spring.

Retail Auto­mo­tive Sum­mary – Jan­u­ary 2013

Ford F-Series No. 1 Sell­ing Used Vehi­cle at Least 13 Years in Row:
Camry replaced Chevy Sil­ver­ado in No. 2 spot and pickup fell to 9th place.

Used Vehi­cle Prices Remained Stag­nant at Both Retail and Whole­sale:
Trans­ac­tion prices down 2.73% for fran­chised deal­ers com­pared to Jan­u­ary of last year.

Days’ Sup­ply Will Be Around 49.9 Days Vs. 44.2 Days in Jan­u­ary 2012:
Grow­ing sup­ply of trucks and pas­sen­ger cars part of price problem.

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