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

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