Used car sales were approaching 2.3M units in late January, up 4% from January 2012. Independent dealers had the highest percentage gain, followed closely by franchised; private party was down and should reverse course soon, said Art Spinella in Januarys Retail Automotive Summary.
The Ford F-Series has been the number one selling used vehicle for at least 13 years in a row, and the Chevy Silverado was bumped from No. 2 by
Used vehicle prices remained stagnant at both the retail and wholesale levels, and for franchised dealers, transaction prices were down
The growing supply of trucks and passenger cars is part of the price problem, and in January days supply it was about
Click here to read more of Art Spinella's take on what happened in January's market and where it's all headed...The Article Art Spinella on Stagnant Pricing in Januarys Retail and Wholesale Markets appeared first on Automotive Digest.