Art Spinella
President
CNW Research
April’s gain in used-vehicle sales were predicted to be light, up about 1.5%, with most of this increase coming from Private Party sales. Franchised dealers were expected to see used car sales go up around 1% to 1.38M units, while Independent dealers were expected to remain static at 1.23M units.
Click here to read the latest Retail Automotive Summary
Expect Trend Toward Private Party Sales to Continue for Next 4 Months:
Overall, however, all channels are going to finish year ahead of 2012.
Trend Toward Lower FICO Scores Among Used-Car Buyers Continues:
Share of sub -670 credit-score buyers increased to 46.9% from March’s 46.37%.
While Retail Asking Prices Were off About 0.76% vs. March:
Prices were solidly ahead of last year by nearly 2% for franchised dealers.
