According to CNW Research, it was another solid month for the used-car market, more among franchised dealers than private sales after Hurricane Sandy.
Find out how the used car market did in November.
According to CNW Research, there were 2.98 million used vehicles sold last month, which marked a 14.6-percent year-over-year increase.
Year-to-date, there have been 37.37 million used sales, compared to 35.65 million sold through 11 months of 2011, CNW said. Already, the 37 million-plus units sold through November beats full-year figures from 2008, 2009 and 2010, according to historical data from CNW.
On the other hand, the market share for private-party sales climbed more than 2 percentage points from October, but year-over-year unit sales figures were down significantly. There were 787,723 private- party sales last month, compared to 920,887 sales in November 2011.