NADA: Franchised dealers retail nearly 8M used vehicles during first half of 2019

Based on sales data for the first six months of each calendar year dating back to 2013, franchised dealerships are retailing more used vehicles this year than ever.

The National Automobile Dealers Association shared that sales trend on Wednesday afternoon as a part of its midyear version of NADA Data 2019, a biannual financial profile of America’s franchised dealerships highlighting major milestones in the retail automotive industry.

The report indicated franchised dealers retailed 7.89 million units during the first six months of this year. That’s up from 7.55 million used sales during the first half of 2018.

The used-vehicle sales pace franchised dealers currently are traveling is much higher than what NADA recorded earlier this decade. Here is the rundown of sales figures at the year’s midpoint:

2019: 7.89 million
2018: 7.55 million
2017: 6.91 million
2016: 7.00 million
2015: 6.76 million
2014: 6.71 million
2013: 6.65 million

The report — that’s available for download here — also showed the average retail price of those used vehicles being turned at franchised stores is on the rise, too. Halfway through 2019, that average retail price stood at $20,835.

Here is the rundown of those readings:

2019: $20,835
2018: $20,390
2017: $19,970
2016: $19,880
2015: $19,240
2014: $18,700
2013: $17,930