What Current New Car Sales Mean To Your Used Car Lot…
The new-vehicle selling rate remains strong this month, driven by consumers looking to replace aging rides, according to a monthly sales forecast developed by J.D. Power and Associates’ Power Information Network and LMC Automotive. But what does this mean for the used market?
To find out, Auto Remarketing chatted with Deirdre Borrego, vice president and general manager of PIN, who said this trend in new-vehicle sales may mean more trade-ins for dealers.
Specifically, new-vehicle retail sales in April are projected to come in at 1.029 million, which represents a SAAR of 12.1 million units, according to PIN data and LMC Automotive.