Used car forecast points to a bumpy road to recovery

By |2023-02-13T09:20:36+00:00February 13th, 2023|Dealer Insights, News|

Cox Automotive’s most likely scenario for 2023 forecasts 7,096,932 used car transactions for the full year, which would be a 3.2% increase on the actual numbers for 2022. However, gains made in Q1 2023 compared to last year’s actual quarterly performance are marginal, with an estimated 1,790,034 transactions representing a marginal 0.9% increase in fortunes if achieved.

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