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

usedcarsales_4_1_2009-1_02_pm.jpg

  • 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.
Tags: