TransÂacÂtion prices slipped slightÂly vs. DecemÂber, but increased marÂginÂalÂly vs. year ago. While catÂaÂstrophÂic storms in the NorthÂeast dampÂened used vehiÂcle sales a bit, lossÂes were minÂiÂmal. DealÂers are beginÂning to stock up for spring sellÂing seaÂson, bolÂsterÂing their invenÂtoÂry. Expect to see sigÂnifÂiÂcant sales gains in March through May. Mileage driÂven by AmerÂiÂcans went up slightÂly again last year â€“ nearÂly 2% to 10,116.
Many DealÂers Reduced Used InvenÂtoÂry Going into NovemÂber-JanÂuÂary PeriÂod:
ResultÂed in a shortÂer supÂply of vehiÂcles and a 2.4% drop in Daysâ€™ SupÂply for winÂter.
Even With AnticÂiÂpatÂed BlizÂzard of HisÂtoric ProÂporÂtions, Floor TrafÂfic Still RisÂes:
Floor trafÂfic rose for first two 10-day periÂods of JanÂuÂary over same time in 2014.
Sub-Prime MarÂket Below 550 in FICO Score NearÂly 41% of Used Loans in 2014:
This year, expect to see full perÂcentÂage point gain for under 550 and half point for those under 450.