Latest Online Edition  Read Here

Franchise Stores Sell 37 Percent of All Used Cars

Franchise Stores Sell 37 Percent of All Used Cars Featured

 New-car dealerships sold 14,968,206 million used vehicles in 2016, which accounted for 37 percent of all used vehicles retailed.
According to the annual member survey by the National Automobile Dealers Association, the average selling price of a used vehicle was $19,866, up 2.5 percent from 2015.
The number of customers purchasing a new- or used-vehicle service contract was 43.7 percent, up 1 percent from 2015.

Last modified on Tuesday, 18 April 2017 00:12
Rate this item
(0 votes)

Dealer News

Manufacturers Draw Shoppers with Black Friday Deals

Manufacturers Draw Shoppers with Black Friday Deals

 Manufacturers have been increasing incentives all year and next Friday...

Auction News

Hurricanes Continue to Lift Wholesale Prices

Hurricanes Continue to Lift Wholesale Prices

Average wholesale prices in October were down...

Legal News

Dealer Group Settles with FTC

Dealer Group Settles with FTC

A Southern California auto dealership group will pay $1.4 million to settle Federal Trade Commission charges that...

Financial News

CFPB Announces Resignation

CFPB Announces Resignation

Richard Cordray is resigning as director of the Consumer Financial Protection Bureau.Cordray informe...