Private Party Used Vehicle Sales are Up, Art Spinella Says

April’s gain in used vehi­cle sales were pre­dict­ed to be light, up about 1.5%, with most of this increase com­ing from Pri­vate Par­ty sales. Fran­chised deal­ers were see­ing used car sales go up around 1%, while Inde­pen­dent deal­ers were remain­ing sta­t­ic. CNW Research’s Art Spinel­la has been pre­dict­ing an increase of pri­vate par­ty sales for sev­er­al months now.

Expect the trend toward pri­vate par­ty sales to con­tin­ue for the next four months, but by the end of 2012 you can expect to see….

The trend toward low­er FICO scores among used-car buy­ers con­tin­ues – the share of sub -670 cred­it-score buy­ers increased to….

While retail ask­ing prices were off about 0.76% vs. March, fran­chised deal­er prices were solid­ly ahead of last year by near­ly….

Click here to read the last Retail Auto­mo­tive Sum­ma­ry report from CNW Research with details on fran­chised and inde­pen­dent deal­er used vehi­cle sales…



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