U.S. used-vehicle sales fall 6% in first quarter
Industrywide used-vehicle sales dropped to 9.7 million units within the first quarter, down 6% from the first quarter of a year ago, based on Edmunds.com's Used Market Questionnaire.
The report, launched today, examines developments that drive the U.S. used-vehicle market.
Of the used cars sold in the quarter, business stores accounted for about 2,288,600 devices, 4 per cent more than in the very first quarter of 2012. The residual sales were composed by independent car dealers and private party transactions.
Other Edmunds.com findings:
* Sales of qualified used cars increased 6 percent to 483,109 in contrast to the first quarter of 2012 and made up 21.1 percent of franchised shops' used vehicle sales.
* The average retail price for used vehicles sold at franchised dealerships was $15,793, a percent decline year-over-year.
* The top-selling used mid-sized car in the quarter was the Honda Accord; the top selling used compact car was the top selling full-sized pickup and the Honda Civic; was the Ford F-150.
* Used vehicle days to turn for the quarter was 40 days, unchanged from the first quarter of 2012
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