CNW Research – Retail Used Car Sales for Sept. 2014
Used Vehicle Sales Report -- September, 2014 v. Year Ago and Previous Month With more than 3.8 million used-car sold in September of this year, the industry gained 4.3 percent vs year ago and remained basically unchanged from August. Franchised dealers were up 6.6 percent in units and gained market share vs. both year ago and last month. Independent dealers were up 2.4 percent in units vs. year ago but lost market share from 34 percent to 33.4 percent. Private Party Sales gained about 3.2 percent vs. year ago but trailed August by 10.6 percent. The Average Transaction Price was up nearly 18.5 percent vs year ago, but behind August's figure by 1.2 percent. The year -over-year gain is primarily due to improved inventory of younger vehicles including off-lease models. Independents, however, saw their transaction prices gain 1.7 percent vs. year ago and trail August by 0.11 percent. Total value of used vehicles sold was $40.86 billion, a 16.9 percent gain over last year but down about a third of a percent vs. August. By Age of Vehicle: One year old: Up 11.06 percent Two year old: Up 21.54 percent Three year old: Up 12.15 percent Four year old: Up 9.25 percent Five year old: Up 13.58 percent Shoppers: The total number of used-vehicle shoppers slipped to 8.52 million from 9.77 million in September '13. That represents a 16.1 percent decline. On a shoppers-to-buyers ratio, 2.24 shoppers for each used-vehicle sold, down 16.3 percent vs. year ago but up 0.2 percent vs. August.
Vehicles / Financing As with the new-car side, trucks gained share of total sales climbing 9.4 percent vs. year ago; from 1.72 million to 1.96 million and boosting truck share from 47.2 percent to 51.7 percent. Detroit Brands held virtually unchanged with 0.05 percent increase vs. year ago while Asian Brands slipped 0.42 percent SUVs also made significant increases in September vs. year ago, jumping 18.24 percent and representing 8.3 percent of all used sales vs. 7.3 percent a year ago. The share financed stood at 69.1 percent in September vs. 69 percent a year ago with the number of pre-approved loans climbing 19.4 percent vs. September '13 and 3.5 percent vs. August of this year. The number of sub-prime buyers skyrocketed 31.0 percent compared to the same month in 2013 and nearly 2 percent vs. August of this year. Buy-Here/Pay-Here dealers saw an 18 percent gain in unit sales vs. year ago. Sub-Prime Under 550 FICO rose 27 percent and represented nearly 19.3 percent of total used sales for a 21.9 percent gain over last year and a 5.6 percent increase over August of this year .
CNW Research â Retail Used Car Sales for Sept ... - Automotive Digest
With more than 3.8 million used-car sold in September of this year, the industry gained. 4.3 percent vs year ago and remained basically unchanged from August.
The Internet continues to be the growing source of motivation to shop for a used ... As the primary cause of used-car shopping, the Internet was up more than 50.
DATA FROM CNW's MONTHLY DMA REPORT. Not so lucky ... 3.16 million. The number of sub-prime buyers in July rose a substantial 25.5 percent vs. year ago.
Casual sales were up a healthy 6.5 percent vs. year ago but down 3.8 percent vs. last month. industry-wide, the value of used car sold in July hit $47.4 billion, ...
Transaction prices for Franchised Dealers Used Car Operations saw a significant ... hunting the best deals and specific vehicles, using the Internet to find a ...
Total used-car sales in January were 2.38 million, up 2 percent vs. the same month of ... hunting the best deals and specific vehicles, using the Internet to find a ...
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Here's the latest Used-Car Data for January 2014. Total used sales were off 0.72 percent vs. year ago virtually in states that suffered severe weather conditions ...
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adjusted annual rate (SAAR) of 15.2 million in January, down from 15.4 million in December and ... Nor is the fact that even high-income households, which dominate the new vehicle buying population, have relatively low savings rates.
Here's the latest Used-Car Data for January 2014. Total used sales were off 0.72 percent vs. year ago ... Sub-Prime Buyers: Jan. '14: 764,472. Jan. '13: 613,190.
Both of which, of course, support used vehicle values. ... comps. An analysis of average mileage by price tiers indicates the sweet spot in the wholesale.
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted ... and higher off-lease and off-rental volumes led to the subsequent retail sale of ...
Manheim Index Declines in March. Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) fell in March. It was the third consecutive ...
seasonally adjusted annual rate (SAAR) of 17.7 million in May. ... and it was the best pace in nearly a decade. ... households increase their savings rate.
Nevertheless, economic fundamentals still suggest the industry can reach the 16 million new unit sales mark this year without the use of aggressive incentives.
New vehicle sales: higher volumes and transaction prices. New cars ... vehicles rose 4% in April, resulting in a year-to-date increase of 2% (according to. CNW).
This includes Cadillac and Lincoln, each of whom can't get planned new product (e.g., Cadillac ATS, Lincoln MKZ) to market fast enough. Trends in Luxury Leasing. Historically, luxury manufacturers have been particularly reliant on leasing, in large p