Hello Skippers,
Thank you for your question.
My search returned the following results for used car sales in units
and in dollars.
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Used Vehicle Sales Trends
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Year Volume Value
(000s) ($billions)
----------------------------------
2000 41,620 $363
1999 40,740 $353
1998 40,840 $335
1997 41,240 $337
1996 40,801 $333
1995 41,758 $325
1994 40,141 $292
1993 38,057 $257
1992 36,950 $247
1991 37,290 $230
1990 37,530 $219
Source: CNW Marketing Research
Vehicle Sales Trends
Record sales were recorded for used vehicles in 2000. Used vehicle
sales ramped up to a near record of 41.6 million units, just 140,000
units shy of 1995's peak level. Certainly the strong economy and
competitive vehicle pricing had much to do with these results.
Vehicle Value Trends
Total retail revenue for used vehicle sales was greater than new
vehicle revenue each year from 1994 to 1999, but in 2000, record new
unit sales pushed new vehicle revenue slightly above that of used
vehicles.
Vehicle Volume Trends
While new vehicle sales have posted spectacular increases in recent
years, used unit sales, especially those by franchised dealers, have
provided a more predictable rise. Independent dealers, with a 6%
increase in unit sales, showed the biggest gain in used vehicle
volumes last year.
Source: Used Car Market Report by Manheim
http://www.manheimauctions.com/HTML/ucmr/marketplace1.html#
The Used Car Market Report by Manheim has a number of graphs and
illustrations that may interest you as well.
A diagram illustrating the movement of used and new vehicles through
the market place
http://www.manheimauctions.com/HTML/ucmr/marketplace2.html
Many Routes of Sales Exist for Used Cars
There are an infinite number of routes that a vehicle can follow in
moving from one owner to another. As seen in the three simple
examples here:
http://www.manheimauctions.com/HTML/ucmr/marketplace3.html#
Graph of Household Income of New and Used Vehicle Buyers
http://www.manheimauctions.com/HTML/ucmr/marketplace4.html
Graphs and charts showing vehicles in operation by age and survival
rates of vehicles by age, as well can be found here:
http://www.manheimauctions.com/HTML/ucmr/us1.html
Vehicles more than 10 years old have been the fastest growing segment
of the vehicle population, but the other age categories have also
shown substantial absolute growth. Vehicles between 3 to 6 years old
are a prime market for their first vehicle transfer, while 7- to
10-year-old vehicles are often ripe for their second or third trade.
After 13 years of use, 60% of the 1986 models sold were still in
operation. Only 32% of the 1966 model vehicles were still on the road
after 13 years of use.
http://www.manheimauctions.com/HTML/ucmr/us1.html
Additional information that may interest you:
Used-car price slump hits leases by Arlena Sawyers
New-car incentives cut used-vehicle demand, destroy residual values
Source: Automotive News / August 05, 2002
http://www.autonews.com/news.cms?newsId=2961
Search Criteria:
used car sales
used car unit sales
used car sales billions
used vehicle sales +unit
used vehicle sales billions
I hope you find this helpful and if there is anything that I've
written that needs clarification, please ask before you rate this
answer.
Best Regards,
Bobbie7-ga |