used-vehicle sales Archives

Used Retail Vehicle Sales Pick Up Steam in August 09/16/2024 According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in August increased from July. The 8% month-over-month gain pushed retail sales estimates to the highest level since October 2021. A total of 1.7 million used vehicles were sold at retail – from both franchised and independent dealers – during August, up 13.6% year over year. Days’ supply at the end of August… Read Article

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Used Retail Vehicle Sales Increase in July 08/15/2024 According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in July increased from June, rising by 27.6% month over month. A total of 1.6 million used vehicles were sold at retail – from both franchised and independent dealers – during July, up 16.5% year over year. Days’ supply for July was 41, down from a revised 53 days in June. [Check… Read Article

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Used Retail Vehicle Sales Decrease in June 07/15/2024 According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in June decreased from May, falling by 7.6% month over month. A total of 1.41 million used vehicles were sold at retail – from both franchised and independent dealers – during June, up 1.4% year over year. Days’ supply for June was 47, up from a revised 46 days in May. [Check… Read Article

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Used Retail Vehicle Sales Increase in May 06/14/2024 According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in May increased from April and were up by 15.9% month over month. A total of 1.62 million used vehicles were sold at retail – from both franchised and independent dealers – during May, up 15.8% year over year. Days’ supply at the start of May was 48, up from a revised… Read Article

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Used Retail Vehicle Sales Decrease in April 05/15/2024 According to vAuto Live Market View data estimates, retail used-vehicle sales in April decreased from March and were down by 7.0% month over month. A total of 1.45 million used vehicles were sold at retail – from both franchised and independent dealers – during April, up 4.8% year over year. Days’ supply at the start of April was down from a revised 46 days at the beginning of… Read Article

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Used Retail Vehicle Sales Increase in March 04/15/2024 According to vAuto Live Market View data estimates, retail used-vehicle sales in March increased from February and were up by 18.5% month over month. A total of 1.66 million used vehicles were sold at retail – from both franchised and independent dealers – during March, up 10.9% year over year and the highest volume since March 2022. In what is usually a high month for used-vehicle sales, sales… Read Article

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Used Retail Vehicle Sales Accelerate in February 03/18/2024 According to vAuto Live Market View data estimates, retail used-vehicle sales in February increased from January and were up by 13.5% month over month. A total of 1.49 million used vehicles were sold at retail – from both franchised and independent dealers – during February, up 10.7% year over year and the highest volume since March 2023. Spring fever and tax refund season boosted used retail sales through… Read Article

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Used Retail Vehicle Sales Pick Up in January 02/23/2024 According to estimates based on vAuto Live Market View data, retail used-vehicle sales in January increased from December but were down by 3.1% compared to January 2023. A total of 1,354,075 used vehicles were sold at retail – from both franchised and independent dealers – during January, up 4.7% from December and the highest volume since August 2023. The higher sales last month reduced inventory levels at retail and pushed… Read Article

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Podcast: Jonathan Smoke Shares His Take on 2022 Used-Car Market 01/21/2022 Auto Remarketing Podcast, Jan. 21, 2022 – Cox Automotive chief economist Jonathan Smoke is back on the show to help make sense of the mixed signals that wholesale vehicle prices have shown at the start of 2022. Plus, Auto Remarketing editor Joe Overby and Smoke talk about the growth in what Cox Automotive has dubbed "New Form Online Retailers" and all things used cars. Listen to… Read Article

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Commentary: Independent Dealers are Poised to Thrive as Driving Force in Recovery 05/21/2021 The used-vehicle market reaches 40 million units sold in a good year, dwarfing the new-vehicle business. While roughly 45% of used vehicle sales are private party—neighbor to neighbor deals—the growing majority are retail sales closed at dealerships. Independent dealers, often overlooked by industry observers and media alike, are a driving force in this corner of the business: More than half of retail used-vehicle sales and nearly… Read Article

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