agent Entrepreneur logo
MenuMENU
SearchSEARCH

CNW Predicts Strong Spring/Summer Sales, Especially for Used Market

January 26, 2010
2 min to read


CNW Marketing Research is anticipating a 9 percent increase in used-car sales for January, and a strong spring/summer selling season based on current floor-traffic data.

Based on deliveries during the first 15 days of the month, the Bandon, Ore.-based market research firm expects the month to end with 2 million used vehicles sold. Additionally, it expects sales for all retail channels – franchised, independent and private party – to increase in January from 6.6 percent to more than 15 percent.

Ad Loading...

“This year (2010) is the year of the ‘wet dog,’ with the used industry shaking off excess gloom and possibly registering a near 40-million unit year,” wrote CNW’s Art Spinella. “January 2010 was the best [month] since that month in 2008, a year when the industry sold about 36.6 million used units.”

The difference this time around, Spinella continued, is the economy is on a slight upswing, as he projects the industry will carry the January momentum throughout the year.

As an even better sign, CNW data points to consumers willing to spend for used cars, with dealers and even private parties seeing an increase in prices consumers are willing to pay. According to CNW, transaction prices increased from $9,851 in January 2009 to $10,411 this month. There was a downside, however.

According to CNW, January’s average price fell about 2.3 percent compared December, which Spinella said could reflect some pretty horrific weather in major parts of the United States.

The poor weather, however, didn’t slow down rising floor-traffic numbers, especially used-car lots. Floor traffic for used cars shot up by 62 percent, while traffic for new vehicles was up 45 percent. However, the data showed the industry is still a ways away from reaching 2008 floor-traffic levels.

Ad Loading...

According to its floor-traffic index, traffic for new vehicles stood at 59. 1 score, while used came in at 62.1. A year ago this time, the index stood at 103.4 for new and 94.9 for used.

“The resurgence of floor traffic at dealerships and lots is only a piece of the economic puzzle,” Spinella noted. “CNW is also seeing increased floor traffic at other retail establishments. For cars, it’s necessary to build floor traffic today in order to sell vehicles in three to six months. The current numbers seem to indicate a strong spring and summer selling season.”

More Industry

The outside of a blue Gregg Young Chevrolet dealership.
Industry•by Lauren Lawrence•October 22, 2026

Nebraska Rooftop Changes Hands

The Gregg Young Automotive Group has sold its second dealership to Janssen Auto Group, both in Plattsmouth, Neb.

Read More →
Two white men's shaking hands
Industry•October 15, 2026

Penske Auto Group Deal a Record

The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.

Read More →
Rows of cars parked in exterior lot
Industry•by Hannah Mitchell•October 8, 2026

War Toll a Damper on Used Auto Prices

Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.

Read More →
Ad Loading...
Mechanic cleaning interior of engine
Industry•by Lauren Lawrence•October 8, 2026

Bridge the Maintenance Gap

With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.

Read More →
Ford F-150 truck rounding a curve
Industry•by Hannah Mitchell•October 1, 2026

California Store Has New Owner

The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.

Read More →
crane lowering a pipeline into the ground
Industry•by Lauren Lawrence•October 1, 2026

BMW Plant Pursues Cleaner Energy

BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.

Read More →
Ad Loading...
Two dodge cars outside of dealership.
Industry•by Lauren Lawrence•September 17, 2026

Auto Affordability Inches Up

The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.

Read More →
Five men smiling for photo in front of Honda car dealership.
Industry•by Lauren Lawrence•September 10, 2026

Ohio Auto Group Under New Ownership

After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.

Read More →
Blue and white RV parked on beach facing the ocean.
Industry•by Lauren Lawrence•September 3, 2026

RV Group Expands Carolina Footprint

Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.

Read More →
Ad Loading...
Photo of two men and one woman on a discussion panel
Industry•by Hannah Mitchell•September 1, 2026

Agent Acumen

An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.

Read More →
Ad Loading...