Art Spinella on Retail Used Vehicle Sales and Where Private Party Sales are Going

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February had a small increase in retail used vehicle sales, and it’s a decent showing given the strength of the used-car market a year ago and the extra day in the month during the leap year, said CNW Research’s Art Spinella.

Private party sales continue to be weaker than dealers, and franchised and independent dealers were running close in numbers at…

Dealers are skimming the cream of the crop, leaving less desirable units for private party sales, however CNW Research expects that to change in…

Used vehicle prices continued to be weak, and for percentage of asking price, franchised and independents were only getting…

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