US used-vehicle sales drops 6% to 9.7 million in Q1 2013

Article by Anita Panait, on May 16, 2013

Industry-wide sales of used vehicles dropped 6-percent year-on-year in the first quarter of 2013 to 9.7 million units, according to Edmunds.com's Used Market Quarterly Report. Franchise dealerships accounted for around 2,288,600 units of the total sales, reflecting a 4-percent growth over the first quarter of 2012. Other sales were made through independent used car dealers and private party transactions.

According to Edmunds.com's Used Market Quarterly Report, sales of certified used vehicles jumped 6 percent in the first quarter of 2013 to 483,109, accounting for 21.1 percent of franchised dealerships' used vehicle sales.

The report said that the average retail price for used vehicles sold at franchised dealerships was $15,793, representing a 0.5 percent drop year-over-year. The Honda Accord was the best-selling used mid-sized car in the first quarter of 2013 while the Honda Civic was the top-selling used compact car in the period. Ford F-150 was the best-selling full-sized pickup in the first three months of 2013. Used vehicle days to turn for the quarter remained unchanged at 40 days. Edmunds.com's Used Market Quarterly Report examines trends that drive the used-vehicle market in the United States.

Topics: united states, sales

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The highlight of this year’s Consumer Electronics Show may be based on some of these keywords---connectivity, integration and partnership. Just like in the previous year, you’ve probably heard and read...
by - January 16, 2017
Less than three weeks to go and the Super Bowl LI – one of the most awaited and most watched sports events in television – will commence on February 5,...
by - January 16, 2017
New Tesla vehicles will have to pay when charging at any of the carmaker’s Supercharger stations once they exceed their annual limits. This comes as Tesla Motors announced revisions in...
by - January 16, 2017
Off-road driving with an open air vehicle provides another kind of experience for many off-road enthusiasts and fans. For this sake, Ford is planning to offer a version of the...
by - January 16, 2017
For those who love driving, future autonomous cars should be like the Toyota Concept-i that is drawing in a multitude of visitors at the 2017 Consumer Electronics Show in Las...
by - January 15, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries