Art Spinella President CNW Research March ended much better than had been expected for used vehicle sales in CNW Research’s latest Retail Automotive Summary. Spinella’s March sales figure report saw volumes increase more than 50% over weather-impacted February. That jump happened across all three used retail channels – Franchised, Independent, and Casual sales. Year-over-year, retail […]
Tom Webb Chief Economist Manheim Consulting While weather conditions were harsh in sections of the US earlier this year, used vehicle values increased during Q1. The Manheim Used Vehicle Value Index increased 2.2% during the quarter and was 3.3% higher than a year ago. Tax refunds in late March were up 3% over last year, […]
CarMax, the nation’s largest retailer of used vehicles, just reported very strong results in used vehicle sales for it recently ended fiscal year and fourth quarter. It was the first fiscal year the company ever retailed more than 500,000 vehicles as it saw a nearly 20% gain in used vehicle sales. Total used units increased […]