Private Party Sales Starting Upward Spiral, Art Spinella Says

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Art Spinella
Pres­i­dent
CNW Research

As antic­i­pated by CNW Research, num­ber of Casual or Pri­vate Party sales is begin­ning to see pos­i­tive ground. While 1.1% increase is slight, it reverses a down­ward trend and could have sig­nif­i­cant impact on both fran­chised and inde­pen­dent dealer inven­to­ries. Trans­ac­tions typ­i­cally deal in older mod­els upgrad­ing to less-old versions.

Click here to read the March issue of Retail Auto­mo­tive Summary

While MSRP of New Vehi­cles Sold in Feb­ru­ary Rose 3.7% vs. Year Ago:
Manufacturer’s incen­tive level jumped 15.5% to an aver­age of $4,162 per vehicle.

Indus­try Likely to See 2.95M Used Units Sold – Best March Since 2002:
Reces­sion caused many poten­tial UC buy­ers to post­pone pur­chase, caus­ing back­log of pent-up demand.

Fran­chised Deal­ers Saw 5.3% Increase in UC Trans­ac­tion Prices over Feb­ru­ary:
Inde­pen­dent deal­ers also saw month-over-month increase in trans­ac­tion prices, up 5.1%.

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