Background CNW Marketing Research Document 106M “Used Vehicle Sales by Type of Outlet” claims since 1999 person-to-person auto sales have risen 20% while used car sales by new car dealers have declined
Reports from across country indicate that demand for quality cars is exceeding the supply, resulting in higher prices. Some experts, however, see the market differently. Instead, they say auctions are seeing higher first-time registrations as more dealers are looking for niche vehicles. At any rate, the lower inventory is pushing wholesale prices up, even for high mileage vehicles.