Director of Residual Value Solutions
The percentage of dealership transactions attributable to used car sales has been steadily declining since January. Since their peak of nearly 65% in 2010, dealer used car transactions have been eclipsed by new car transactions as a percentage of total vehicle sales.
Used Vehicle Values that Hit Historically High Levels Continuing to Soften:
ALG analysis indicates that while used supply will continue to be limited, demand is shifting toward new vehicle purchases.
Days to Turn for New Vehicles Steadily Creeping Up Since October 2011:
For used vehicles they have remained relatively flat during past 2 years.
ALG Expects Used Market Values to Decrease by 4% to 5% Over Next 12 Months:
Overall industry average partially driven by used market demand softening relative to new market demand.