Despite the “Cash for Clunkers” program, there were solid used-vehicle sales and higher residuals and recovery rates, says Manheim chief analyst, Tom Webb. Says Webb, dealers also saw improvement in retail gross margins in the used vehicle sector.
Despite the “Cash for Clunkers” program, there were solid used-vehicle sales and higher residuals and recovery rates, says Manheim chief analyst, Tom Webb. Says Webb, dealers also saw improvement in retail gross margins in the used vehicle sector.