After five straight years of market-share gains, the SUV segment may be poised for a slowdown, according to a new analysis from Edmunds.
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A record number of newer model year off-lease vehicles returning to dealer lots this year will be putting significant upward pressure on the late-model used market, according to the February 2017 Edmunds Used Vehicle Market Report.
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Edmunds.com is forecasting the sale of 1,629,011 new cars and trucks in December. If realized, the prediction puts the seasonally adjusted annual rate (SAAR) at 17.7 million, an 18.5% increase from the same time last year.
Read More →New vehicle sales are on pace to top last year's sales. However, car buyers are rolling over negative equity from their trade-ins in record numbers, according to Edmunds.com.
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Certified pre-owned vehicle sales accounted for 22.7 percent of used sales by dealers, setting a record for a single quarter, according to a report by Edmund's.com. Overall, the sale of used vehicles came in strong in the second quarter of 2015 at approximately $9.6 million, growing at a 5.1 percent year-over-year.
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The technology will be deployed across Edmunds' network of dealerships nationwide and will be provided on a complimentary basis to dealers and customers.
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Second quarter average transaction prices for franchise used vehicles hit $16,781 -- the highest price on Edmunds.com record. Additionally, in the second quarter, CPO made up 20.4 percent of the franchise used market.
Read More →Edmunds.com and Carfax announced a new agreement that enables dealers and manufacturers to include Carfax Vehicle History Reports for used cars listed on Edmunds.com.
Read More →Edmunds.com unveiled its 17 Best Used Cars for 2013. A total of nine brands are represented on the list. Honda and Toyota led the pack with four vehicles each -- followed by Ford, with three vehicles that earned the accolade.
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