Vehicle Acquisition Network Blog

Connecting Dealers with Private Party Sellers

Robust New Car Sales May Give Way to Rising Used Turns in 2018

LC Hammer
Posted by LC Hammer on Apr 10, 2018 12:41:27 PM

Typically Robust March New Sales Might Give Way to Rising Used Turns Later in 2018 (Auto Remarketing)

Three leading automotive analysis outlets are projecting a typical bump in new-vehicle sales usually seen in March. But at least one expert is seeing the potential softening new-model retail sales being a propellant for used-vehicle turns, which already are expected to improve in March.

Edmunds estimated 3.7 million used vehicles will be sold in March; a figure that could produce a seasonally adjusted annual rate (SAAR) of 39.3 million. That projection is up from 3.5 million — or a SAAR of 39.1 million — Edmunds recorded in February.

Edmunds also predicted that 1,597,256 new cars and trucks will be sold in the U.S. in March for an estimated SAAR of 16.9 million. This expectation reflects a 23.2-percent increase in sales from February and a 3.0 percent increase from March of last year.

Edmunds estimated that the retail SAAR will come in at 13.3 million vehicles in March 2018, with fleet transactions accounting for 21.4 percent of total sales.

[Read the complete story at Auto Remarketing]

Topics: vehicle markets, used car news, edmunds, Used Car Business

Leave Comment

Subscribe Our Blog

Most Popular

Post By Topic

See all