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Private Party Sales Starting to Show Strength, Art Spinella Says
2013-04-01 00:42:55| AutomotiveDigest.com - Automotive Industry News
The number of Casual or Private Party sales is beginning to see positive ground, says CNW Researchs Art Spinella. While 1.1% increase is slight, it reverses a downward trend and could have significant impact on both franchised and independent dealer inventories. Transactions typically deal in older models upgrading to less-old versions. While MSRP of new vehicles sold in February rose 3.7% vs. a year ago, manufacturers incentive level jumped The recession caused many potential UC buyers to postpone purchase, causing backlog of pent-up demand and used car sales of Franchised dealers saw 5.3% increase in UC transaction prices over February, while independent dealers saw Click here to read all of Art Spinellas latest Retail Automotive Summary The Article Private Party Sales Starting to Show Strength, Art Spinella Says appeared first on Automotive Digest.
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Category:Automotive