Edmunds: Used-Car Registration Share Still Strong, But Hits 5-Year Low
SANTA MONICA, Calif. — While the percentage of consumers who
say they are only considering a new car is significantly higher than the share
of used-only shoppers, actual registration data tells a different story.
That's according to the 2013 Edmunds.com Car Shopping Trends
Report, which broke down some consideration and registration data in the new-
and used-car markets.
Per the Edmunds.com/Added Value survey, the site found that
more than two-fifths (43 percent) of car shoppers are only looking at new
vehicles, about a quarter (24 percent) are only shopping for used, 30 percent
would consider both and 3 percent were unsure.
That said, Edmunds report indicates that "actual data skews
more toward used," as used cars represented roughly three-fourths
(74.2-percent) of all vehicle registrations in the U.S.
Here's the caveat, though: that 74.2 percent share was the
lowest in the past five years, Edmunds said.
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