Art Spinella
President
CNW Research
During the first six months of 2013, nearly 6% of new car intenders have moved to used; about 60% of buyers of CPO vehicles were originally planning on buy new rather than used. For full-year 2013, it will mean more than 1.2 million potential new-car buyers will be switching to used. The bulk of those are selecting one-to-five-year-old models.
Here’s the latest edition of Retail Automotive Summary
Automakers Growing CPO Fleet through Insourcing Off-Lease Vehicles:
Dealers upping trade-in values as much as 15% for vehicles they consider “certifiable.”
CNW Research Predicts UC Market Will Continue to Grow in Next Five Years:
Consumers looking to spend more on something other than transportation, so buying better quality used is an increasingly attractive option.
July’s Days’ Supply of Used Has Been Declining and Now Stands at 46 Days:
With demand high, that’s about as low as supply can go without causing some significant price increases.
