Where used-car sales ended in June

Tight used-car supply and a stretch of record wholesale prices are having an impact beyond the auction lanes and other wholesale channels.

They’re also leading to lower retail sales.

According to analysis around Cox Automotive’s Manheim Used Vehicle Value Index, there was an 11.1% decline in total used-car sales last month.

The seasonally adjusted annual rate for total pre-owned sales was 39.0 million, versus 40.0 million in May.

The total used-car SAAR for June 2020 was 43.6 million.

The estimated SAAR for used retail sales (those coming from a dealer) fell from 21.9 million in May to 21.3 million last month.

In June 2020, the retail used SAAR was 23.1 million.

In a separate analysis, TrueCar was projecting late last month that there would be 4.0 million used-car sales in June, steady month-over-month and a 9% year-over-year hike.