Used vehicle sales soar in March vs. last month and last year

Used vehicle sales soar in March vs. last month and last year

U.S. franchised dealers in March saw their used sales jump more than 50 percent from cold, snowy February. Year over year, all used sales climbed 2.7 percent, with franchised units up 1 percent. Franchised transaction prices soared 10.8 percent from March 2013, thanks to the growing number of Certified/Pre-Owned units. Figures are from CNW Marketing.

The robust sales came despite 13 percent fewer used-car shoppers searching lots than a year ago, signaling that pent-up demand could finally be easing.