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ARTICLE · 21 JUNE 2021

Used-Car Sales Continue To Climb In May

Crowe
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Despite record-high wholesale prices and limited supply, used-car sales continued to gain traction in May. Cox Automotive said in a Data Point report last week that there was a 3% year-over-year hike...

CanadaTransport
Crowe MacKay LLP
Crowe MacKay LLP
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USED-CAR SALES CONTINUE TO CLIMB IN MAY

Despite record-high wholesale prices and limited supply, used-car sales continued to gain traction in May. Cox Automotive said in a Data Point report last week that there was a 3% year-over-year hike in used-car sales last month. The total used-vehicle SAAR was an estimated 41.0 million in May, steady with April and up from 39.9 million in May 2020, Cox said. Looking at sales specific to dealerships (and taking private-party sales out of the equation), Cox said the retail SAAR for used-car was an estimated 22.4 million in May, again steady with April. 

Source: Auto Remarketing 

GM IS BEING SUED OVER DESTINATION CHARGES

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