CNW Research reported that used car saw an increase in volume, closing at just under 42 million used units sold in the US during 2013.
Franchised dealers had the largest share at 37% of all used retail transactions, followed by independents at 34.6% and private party sales at 28.4%.
Car shoppers in the Western region of the US are 85% more likely to consider Tesla than in other regions, according to Kelley Blue Book. Southerners are the least influenced by brand when shopping for a car than the other regions as evidenced by a relatively small 17% preference for Infiniti over other brands.
Certified pre-owned vehicles continued to grow in popularity. Autodata Corp. reported that CPO sales closed at 2.11 million units for the – the first time the two million mark has been crossed in a year.
Car shoppers responded well to advertised holiday lease deals, turning out the highest single-month lease rate on record at 27.5%. European brands did especially well in leasing, approaching 50% during the month, according to Edmunds.com.
