Used retail sales pace accelerates. Wholesale used-vehicle prices rose 5.3% year over year through the first half of March, the strongest year-over-year gain in recent months, as retail used-vehicle sales continued to accelerate, according to a pair of reports from Cox Automotive. The Manheim Used Vehicle Value Index increased to 213.4 at mid-March, reflecting a […]
December Used-Vehicle Retail Sales Up 3% Year Over Year
Bucking typical year-end decline, sales were also up over November. Retail used-vehicle sales totaled 1.34 million units in December, up 3% from the same month a year earlier and 2% higher than November, according to Cox Automotive data. The gains defied typical seasonal patterns that see sales slow at year’s end. “December showed unusual growth […]
Used-Vehicle Retail Sales Up 3.4% in October
Sales were up month over month and year over year. According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in October increased month over month compared to September. A total of 1.40 million used vehicles were sold at retail – from both franchised and independent dealers – during […]
Retail Used-Vehicle Sales in March Up 9% Month Over Month
According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in March1 increased month over month compared to February. A total of 1.66 million used vehicles were sold at retail – from both franchised and independent dealers – during March, up 9.4% month over month and 12.2% year over […]
Federal Legislation Introduced to Require Dealers to Repair Recalls on Used Vehicles Before Sale
U.S. Senators Richard Blumenthal (D-CT), Edward J. Markey (D-MA), and Elizabeth Warren (D-MA) introduced legislation today to ensure the safety and reliability of used cars. The legislation, the Used Car Safety Recall Repair Act, requires car dealers to repair any outstanding safety recalls in used cars prior to selling, leasing, or loaning them to consumers. […]
Used-Vehicle Sales Estimated Up in July Compared to June
Year-to-date sales also up over last year. Sales for July, however, were down from a year ago. According to Cox Automotive estimates based on vehicle registration data, total used-vehicle sales in July increased approximately 2.1% from June to just over 3 million units. The July increase follows a slight increase in June, as used-vehicle sales […]