Potential used-car buyers still struggling economically, according to Autoremarketing.
Manheim chief economist Tom Webb pointed to a series of summertime reports and other consumer trends that show middle-class and lower-income individuals — the primary potential buyers of used vehicles — are continuing to be pinched by a wide array of economic conditions.
In this month’s Auto Industry Brief produced by Manheim Consulting, Webb recapped that July retail sales, which were released in mid-August, increased for the fourth consecutive month.
