Must Replace used vehicle purchases are down with much of industry growth leaning now to Add On sales to people who are buying a vehicle for personal rather than purely transportation reasons, according to Art Spinella in the latest Retail Automotive Summary report.
Must Replace has grown about 3% this year slowest year-over year growth since 2006 when it was 1.9%, while Add On sales jumped to.
May sales have been climbing at a rate that would put the month into a slumpish 0.3% gain, with franchised dealers looking at.
Private party sales are up nearly 18% year-over-year, impacting independent dealers that have seen a big drop in the past year of
Click here to read CNW Researchs latest report with details on how private party sales are affecting retail use vehicle sales overall.The Article Used Vehicle Purchases in Must Replace Segment Down, Spinella Says appeared first on Automotive Digest.