Used Car Sales To Rise in 2014

2013 was a great year for the used-car industry, and looks promising  in 2014. The executive automobile analyst of the National Automobile Dealers Association says used-car sales grew by 4 percent in 2013, the fourth consecutive year of growth.

More used cars were sold by franchise dealers than independent dealers in 2013. Certified pre-owned sales hit 2 million for the first time, making up 13.5 percent of franchise dealer used-car sales. However, chief economist Tom Webb expects a more even balance between franchise and independent with more vehicles available this year.

Nearly eighty percent of auto dealers in a survey believe the U.S. economy has already reached its lowest point and now on the rise. There are plans by many dealers to increase their floor plan due to steadily gains. Several experts in the auto industry would agree--there is reason to believe in strong optimism for 2014.

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