Both the wholesale and retail used car markets have set new records in the first quarter.
Certified pre-owned sales started with 551,707, marking the highest first quarter ever for certified sales. In March, dealers sold 206,409 certified units, reaching an all-time high.
At the top was Toyota, leading all brands with 31,687 in certified sales. Lexus also set a March record with 6,896 certified units sold.
The next quarter looks very promising for used car dealers. CarMax Auto Finance reports that income increased 6 percent to $80.8 million in the latest quarter.
To read the full article on UsedCarNews.com, click here!
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