Art Spinella Tracks October Used Vehicle Sales Trends

Retail Automotive Summary - October 30, 2012

Fran­chised and inde­pen­dent deal­ers saw strong used vehi­cle sales vol­ume in Octo­ber, up 8.1% and 12% respec­tive­ly year-to-date. The actu­al trans­ac­tion prices weren’t as strong – down 3.6% from last year and down 4.2% from Sep­tem­ber for fran­chised deal­ers. Cred­it chal­lenged cus­tomers with FICO scores under 670 are get­ting more loans now, accord­ing the CNW Research’s Octo­ber report.

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