Why Are Used Car Sales Down?

Sales of used cars fell 6% in the first quarter. What does this tell us about the market for new cars -- and about the overall economy?

John Rosevear
John Rosevear
May 21, 2013 at 7:59AM
Industrials

According to a new report from Edmunds.com, sales of used cars were down 6% in the first quarter of 2013. New-car sales were up, but the pace of growth has slowed down greatly since the end of last year.

Is the economy slowing, or is something else going on? In this video, Fool.com contributor John Rosevear takes a closer look at the numbers -- and at some emerging trends that could favor automakers like Ford (NYSE:F).