Edmunds.com Reports on Used Vehicle Sales for May

Used Car News - June 2, 2014

Edmunds.com report­ed that 3.05 mil­lion used cars would be sold in the month of May at a SAAR of 36.4 mil­lion. Strong cred­it avail­abil­i­ty boost­ed used-car sales dur­ing the month, which is also cre­at­ing com­pe­ti­tion with new cars, accord­ing to Edmunds.com. The com­pa­ny also report­ed that the aver­age new loan term dur­ing the first four months of 2014 was an all-time high of 66 months.

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