While new car sales appeared to weaken, used car sales looked strong last month
Used car sales hit "blockbuster" proportions in July, according to one key industry analyst.
While July new car sales appeared to weaken as July dragged on, it appears to have been a great month for anyone with a used car to sell.
The struggling economy — and uncertain job prospects, in particular — seems to be leading many shoppers to try to curb spending by shifting to “previously owned,” rather than new vehicles, notes Art Spinella, chief analyst with CNW Marketing.
1 comment:
I have a friend in NC that was trying to find a nice used car for her daughter to use when she starts college in the fall. She said there are very few good used ones out there. Most of the ones the kids can afford were junked when cash for clunkers came around.
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