Used vehicle supply at record high for year

Used vehicle supply at record high for year

The days supply of used vehicles was up more than 15 percent from a year ago, says CNW Marketing. That will likely mean softer used vehicle prices as dealers try to pare their inventory.

There are more used cars than trucks on dealer lots, with cars at 120% of average days supply vs. 90% for trucks. And theyre more likely to be Detroit products than Asian or European.

For both used and new vehicle sales, much will hinge on the perceptions of consumers (as to the well-being of the economy) after the presidential election in November, says CNW president Art Spinella.

Download Bulletin PDF