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

More positive news has been pouring in before the year ends. For those who have been waiting to hear the latest word on Toyota 86, we have some great news....
by - December 10, 2016
Hyundai is making the green vehicle race more competitive by offering three powertrain types -- pure electric (EV), hybrid (EV plus combustion engine) and plug-in hybrid (PHEV) – in one...
by - December 9, 2016
Although specs for the new Renault Megane had already surfaced several weeks ago, we didn’t know that the company has cooked up something new. Aside from the 200hp gasoline, Renault‘s...
by - December 9, 2016
For the first time in fifty-eight years, Infiniti registers its first US-Spec Q60 Coupe in Cuba. American products have not been allowed entry into Cuba for six decades. But it...
by - December 9, 2016
Chevrolet has already given out the pricing for some of its 2018 Equinox models. Not only will the new Equinox be available in both the US and Canada, it is...
by - December 9, 2016
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