Independent dealers have been seeing volumes decline vs. 2013 on a regular basis in recent month, often in double digit declines. November was a turnaround month, with sales up slightly vs. a year ago and transaction prices bulking up. Transaction prices (excluding taxes, fees, and add-ons) rose 2.8% for independent dealers vs. a year ago.
Casual Sales Saw Rare Year-Over-Year Sales Volume Decline:
2.3% decline for casual sales, cutting 2014 full-year increase to less than 3%
Franchised Dealers Expected to Take 2% Volume Increase Over Year Ago:
Prices also were up vs. a year ago by 1.2% (again, excluding taxes, fees, and add-ons).
Used Vehicle Floor Traffic Continued to Take Slight Slide in First 20 Days:
Opening days of third 10-day period in November showed an improvement in traffic.