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Used-Vehicle March Auto Sales Rise Past 3 Million Mark With Almost 1 Million Private Party Transactions


SEE ALSO: Used Car Super Search

Brandon Oregon April 3, 2013; CNW research reported that used vehi­cle March auto sales sur­passed the 3 mil­lion mark, with totals not seen in more than 10 years.

CNW Research breaks down March used vehi­cle sales totals.

Used sales sur­passed 3 mil­lion in March, cre­at­ing an 11-percent year-over-year lift. The total came in at just above 3 mil­lion, up from 2.7 mil­lion a year ago. In March 2002, the used sales total was 3.1 mil­lion, accord­ing to CNW.

Break­ing down the March total, CNW indi­cated fran­chised deal­ers sold 1.08 mil­lion units last month, 17.34 per­cent more than a year ago. Mean­while, inde­pen­dent stores turned 7.14 per­cent more vehi­cles in March than they did a year ear­lier, amass­ing 959,931 sales.

Fur­ther­more, the firm deter­mined private-party sales rose 8.75 per­cent year-over-year to 960,804.

CNW pres­i­dent Art Spinella explained how two fac­tors trig­gered the best March sales fig­ure in 11 years. Spinella said there was “a big influx” of older vehi­cles, units from the 1998 model year and ear­lier. Plus, he pointed out a surge in the amount of late-model vehi­cles avail­able helped to push March sales.