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Used-car sales stayed above three million units in May.
TrueCar.com estimates used-car sales for May at 3,345,674. The ratio of new to used is estimated to be 1:3.
TrueCar expects 1,435,495 new light vehicle sales in the U.S. (including fleet). That is up 12.1 percent fromApril and up 8.5 percent fromMay 2012 (on an unadjusted basis). |
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Auto finance outstandings are steadily regaining ground lost during the credit crisis, as financiers bolster originations and new players come on the scene. Loan and lease outstandings climbed 6.4 percent last year, the greatest annual growth since the boom year of 2006 when auto finance outstandings jumped 8.1 percent. |
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NCM Associates (www.ncm20.com) announced its new one-day operational review format for automotive dealership fixed operating departments as an additional option under its "38 in 8" in-dealership consulting program. |
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