Used car sales in California dip while new vehicle totals soar

Published: Tuesday, Feb. 18, 2014 - 1:50 pm

While new vehicle sales surged in California last year, the in-state used car market dipped.

New data from the Sacramento-based California New Car Dealers Association shows that there were 3.24 million used vehicle registrations in the state in 2013, down about 6 percent from 3.45 million in 2012.

Last week, CNCDA said new-vehicle registrations – including fleet transactions – in California in 2013 topped 1.71 million, up nearly 12 percent over about 1.53 million registrations in 2012. CNCDA said the 2013 new vehicle sales totals were up 65 percent from the recessionary low point in 2009.

By comparison, used car registrations have declined 4.6 percent since 2009, CNCDA said.

Officials noted that used car registrations still outnumbered new vehicle registrations by a large margin last year, and they said pent-up demand for new cars probably helped new vehicle sales last year, fueled in part by consumers who were holding onto older cars during the recession. CNCDA also pointed out that a recession-driven decline in new vehicle sales starting in 2008 subsequently “led to short supplies of four- to six-year-old vehicles” on the market.

The Toyota Camry topped 2013 in-state registrations of used cars six years old or newer, with about 40,000 units sold. Toyota’s Prius topped new-vehicle sales in California last year, with 69,728 registrations.

Call The Bee’s Mark Glover, (916) 321-1184.

Read more articles by Mark Glover

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