A Bird’s Eye View of Retail and Wholesale Used Car Market Trends

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  • Used Car Market Reports has been showing reports from both facets of the remarketing arena – retail and wholesale used car prices and volumes.
  • Art Spinella and CNW Research reported on May 2013 retail used car sales trends – main message was volume was up but value was down.
  • Franchised and independent dealers and private party sales saw volume go up nearly 2% versus a year ago, but used vehicle values slipped.
  • Value of used cars sold slipped 3.4% to $39.2 billion versus $40.56 billion last year due to lower transaction prices.
  • Dr. Ira Silver and National Auto Auction Association reported on first quarter 2013 auction results.
  • During that time, an increase in dealer consignment was offset by decline in commercial consignment and overall auction sales volume declined 0.4%.
  • While down from increase in Q4 2012, recent monthly figures show significantly more strength with February through April period up over 3% from 2012.
  • As commercial consignment volume strengthens this year, total volume gains are expected to accelerate.
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