Used car sales on dealer lots saw some forward motion in April – up 3.65% in transaction volume over a year ago and more than 28% over March 2014. Franchised dealers saw the highest volume in April – up 4.7% over a year ago; Independent dealers were up 3.95% over April 2013 and private party sales were up 2.21% over the prior year.
Shoppers Who Ended Up at Dealer Due to Something Seen on Internet Jumped Up 116% Over Year Ago:
Newspapers saw decline of 16% versus year ago for bringing in used car shoppers.
Sales of One-to-Five Year Old Vehicles Continued to Be Hot Segment:
With increase of 9% over year ago, along with increase of 27.7% versus March 2014.
Number of Consumers Shopping Franchised Dealers Up 46.5% Over March, But Down 4.5% from Last Year:
Independent dealers were up 22% versus March and down 22% from last year.