Used Vehicle Days’ Supply – October 2012
- CNW Research sees used vehicle day’s supply rising in recent months
- Number or retail used units sold also on the upward trend
- CNW forecasting 40.5M units sold this year compared to nearly 38.8 in 2011
DSC Recognizes Milestone by Floorplanning its Three Millionth Vehicle
Dealer Services Corporation acknowledged a significant milestone recently by floorplanning its three millionth vehicle. DSC, America’s largest independent inventory finance provider for used vehicles, celebrated by paying off the vehicle for the purchaser, Mouse Auto Sales, and presented owner Claude Ellzey of Osyka, Miss. with an additional check for upgrades to his dealerships.
Penske Automotive Group Sees Growth in Retail Used Vehicle Sales
Penske Automotive Group sold 39,844 used units the third quarter, up from 33,084 vehicles in the third quarter of 2011. Revenue for those used vehicle sales rose 8.4% — reaching $924.8 million in third quarter 2012 compared to $853 million the year before. Gross profit per used vehicle retailed didn’t rise during that time, dropping […]
NADA Used Car Guide Analyzes Losses from Hurricane Sandy
Jonathan Banks Executive Automotive Analyst NADA Used Car Guide NADA Used Car Guide thinks vehicles up to eight-years-old will see prices increase 0.5% to 1.5% as a result of Hurricane Sandy, which destroyed thousands of vehicles. The loss of supply and increase in replacement demand will have most of its impact on prices in December. […]
Art Spinella Looks at Impact of Sandy Storm on Used Car Sales
Art Spinella President CNW Research Used car sales were still up year over year by 4.6%, but it was not enough to offset lower average used price when it came to the value of vehicles sold. In October of 2012, total value of used transactions was $27.61 billion, down from year-ago’s $28.2 billion. Click here […]
