Used car sellers have something to celebrate as 2012 comes to a close: the strongest used car sales market since 2007.
According to information from CNW Market Research in Bradenton, Ore., used car sales for 2012 are expected to exceed 40.5 million - that's about a 4.4% increase over 2011, which itself was showing slow signs of recovery from the bottom in 2009 when used car sales were 35.4 million. Sure, the recession hit in 2008 but its impact wasn't really felt until the second half of the year.
Other good news from the research is used car prices are softening, which means there are going to be deals to be had going into 2013, especially as used car days supply is hitting a good number. So, while it's a good time to be a used car dealer, it's shaping up to be an even better time to be a used car buyer.