August Looked Very Good in Volume and Pricing

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Art Spinella
Pres­i­dent
CNW Research

August was a very good month for US retail used vehi­cle sales for vol­ume and pric­ing. The mar­ket saw 4.1 mil­lion units sold, and that was up 5.6% ver­sus August 2012. Pri­vate Party Casual saw the biggest per­cent­age increase at 7.8%; Inde­pen­dent deal­ers had a 4.96% increase and Fran­chised deal­ers saw 4.47%. Trans­ac­tion prices for all three chan­nels were at $9,371, up 1.93% from last year.

Check out the lat­est CNW retail used vehi­cle sales report

Deal­ers Saw Higher Vol­ume than Pri­vate Party Casual in August:
Fran­chised sold 1.55M units, Inde­pen­dents 1.39M, and Pri­vate Party Casual 1.14M.

Fran­chised Saw High­est Trans­ac­tion Prices at $13,146, Up 3.9% from Year Ago:
Inde­pen­dents dropped 0.23% to $7,070, and Pri­vate Party up 1.03% at $7,069.

Pas­sen­ger Cars Saw Strong Month as Share of Total Sales Rose 12.6%:
Trucks were down 2.04% and SUVs were off 16.35%.