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Tag Archives: used sales
July Used Car Sales Boom. Have Automakers Priced New Vehicles – Now with an Average $30,000 Price – Too High?
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
New Vehicles Overpriced, Sending Sales to Used?
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
