Tag Archives: used car sales

Authorized Dealer Used Vehicle Sales Jump 11.5% in September

Posted on 3 October 2011 by Ken Zino

Overall, the U.S. used vehicle market is at 30,155,128 units year-to-date, compared to 8.6 million new cars and light trucks. It was the best performance y-t-d since 2007 before the collapse of the global financial markets. This begs the question – are new vehicle prices too high? Continue reading →

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July Used Car Sales Boom. Have Automakers Priced New Vehicles – Now with an Average $30,000 Price – Too High?

Posted on 1 August 2011 by Ken Zino

The latest research shows that sales of used cars and light trucks in the U.S. grew strongly – up more than 13% for the month of July. About 4.5 million previously owned vehicles changed hands. That’s the best July since 2005… Continue reading →

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New Vehicles Overpriced, Sending Sales to Used?

Posted on 6 July 2011 by Ken Zino

About 8% of the people who bought a used vehicle in June were trying to decide between purchasing a new or used car and elected for the older one. This means that approximately 360,000 new-vehicle sales went to older vehicles. That’s two final assembly plants worth, and it doesn’t include supporting component parts plants at a time when unemployment is officially more than 9%. Continue reading →

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Used Vehicle Sales Up 12% in February

Posted on 2 March 2011 by Ken Zino

It’s not only the new vehicle market that’s showing signs of revival in February – used vehicle sales are up as well, with more than 1.8 million units changing owners. This healthy sales trend comes during February, traditionally the slowest … Continue reading →

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Ally Selects NADA Guide for Used Vehicle Financing

Posted on 3 February 2011 by Ken Zino

The National Automobile Dealers Association (NADA) announced today that Ally Financial will use its used vehicle pricing information from the NADA Used Car Guide when underwriting consumer auto contracts in 38 states. Continue reading →

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