February was a strong month for retail used vehicle sales – the volume was up 4.53% over February 2012, with 2,082, 681 units sold compared to 1,92,423 a year ago; Franchised dealers were up 11.65%, independent dealers were up 4.43%, and private party sales slipped 2.67%.
Franchised Dealers Sold 747,534 Used Vehicles vs. 660,543 a Year Ago:
Independent dealers sold 699,065 vs. 669,420 a year ago, and private party sales slipped to 636,019 from 653,460 units.
Number of Used-Car Shoppers Virtually Unchanged from Year Ago:
With 5.56 million shoppers this year vs. 5.58 million from last year.
Number of Sub-prime Buyers Soared 53.2% in February vs. Year Ago:
Those with FICO scores under 550 were up 48.3%.