Used-car sales likely north of 3 million this month

Look for used-car sales to be well above 3 million units this month.

At TrueCar, analysts are predicting a possible 3.27 million used sales for February, which would be a 4.5-percent dip from a year ago.

Meanwhile, Edmunds.com is calling for 3.5 million used-car sales this month, with a resulting SAAR of 37.9 million.

In January, there were 3.1 million used sales, Edmunds said, with a 38.7 million SAAR.

That followed 38.3 million used-vehicle sales in 2015, according to Edmunds’ 2015 Used Vehicle Market Report, which said this was the best annual tally in eight years.

Franchised dealers sold 11.4 million used vehicles for the year, their best outing yet, the Edmunds report said.