Used Car Market Metrics to Watch in 2013

New Vehi­cle Lease Ter­mi­na­tions:
The num­ber of lease returns in 2013 is like­ly to climb by near­ly half-a-mil­lion units year-over-year, accord­ing to Edmunds.com, which expects more than 2.5 mil­lion leas­es to reach end-of-term this year.

New Vehi­cle Days’ Sup­ply:
December’s strong sales per­for­mance removed twelve days of inven­to­ry to bring the over­all days’ sup­ply down to 58 at the end of the month. On an annu­al basis, over­all days’ sup­ply grew by five days com­pared to 2011 to an aver­age of 60 days, says NADA Used Car Guide.

Cer­ti­fied Pre-owned Vehi­cles:
Last year, there were 1.83 mil­lion CPO vehi­cles sold in the US – the most ever and more than 92,000 units sold in 2011, accord­ing to Auto­da­ta Corp.

Gaso­line Price Fore­cast:
In 2013, dri­vers can again expect gas prices to spike in the spring­time, accord­ing to Gas­Bud­dy, with a nation­al aver­age of $3.95 per gal­lon expect­ed in April and $3.85 fore­cast for May. They’re expect­ed to retreat in fall and ear­ly win­ter, though the low reached in Decem­ber 2012 of $3.25 nation­wide isn’t expect­ed in 2013 – the low point this year should be a bit high­er.

House Prices as Indi­ca­tor of Con­sumer Con­fi­dence:
Home prices rose 7.5% last year, their largest increase in six years, and will rise 6% in 2013, mar­ket research firm Core­L­og­ic pre­dict­ed. It’s dri­ven by improved hous­ing demand fueled by good afford­abil­i­ty, few­er fore­closed homes for sale and a low inven­to­ry of unsold homes.

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