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Midsize Cars and Pickups See Strong July Used Market Performance

Midsize cars was the leading used vehicle sales segment in California, Florida, and Ohio during July, and full-sized pickups topped the list in Texas. The Toyota Camry, Honda Civic, and Nissan Altima led the used-car market in July for dealerships in California, while Texas saw strong sales in pickups from the Big 3. Cross-Sell provided the data to Auto Remarketing from its “Snap Shots” data reports that breaks out retail sales data in four of the largest states in its data set.

Late-Model Used Cars Seeing Slight Gain in August

The average price of late-model used cars increased just $15 in August to $22,193, a gain of less than a tenth of a percent compared to July, according to Cars.com. Luxury vehicles saw the biggest numbers on both prices increases and decreases.

The Volvo S60 sedan saw the biggest August price drop as its price slipped 3% to $28,214. Three more luxury models — the Mercedes-Benz S-Class, Land Rover Range Rover and BMW Z4 — were next with price declines of 2%. As for increases, the Infiniti QX56 and BMW 528i led the way with prices edging up 2%.

Used Commercial Vehicles Beating Out New in Sales

Gary Meteer Director, Aftermarket and Commercial Vehicle Solutions Polk Used commercial vehicle registrations during 1st half of 2013 calendar year were up more than 9% over same period in 2012, according to Polk. Nearly 357,100 used commercial registrations were recorded. Market showing continued demand for clean used equipment – much more so than new commercial […]

More Activity in Rental and Commercial Lanes

Ricky Beggs Editorial Director Black Book Seasonality and supplies are the two main drivers to the overall changes in the market. Black Book survey personnel are hearing about more activity within the actual sales conversion on the rental and commercial lanes, while dealer lanes had a slight increase in the number of no sales. Another […]