September used vehicle sales were up 8.76% from a year ago, at 3,811,375 units. Franchised dealer used sales were 1,338,368 and up 12.46%, Independent 1,334,118 and up 13.56%, and Private Party (Casual) 838,889 and down 2.89%.
Transaction Prices Down for All 3 Categories from Year Ago:
Franchise at $12,285 and down 6.87%, Independent $6,862 and down 13.6%, and Private Party at $7,078 and down 17.49%.
Buy Here/Pay Here Jumped 33% vs. Year Ago:
Number of sub-prime buyers increasing by 78% to 923,230.
For Retail Used Vehicle Sales, Asian Brands Saw Large Increase in Share:
Asian brands up 24.5% to 32.99% of sales, Detroit share fell 4.8% to 60.1%, and European models slipped by a third to 6.9%