Consumers Using Internet to Sell Cars

Washington DC March 16, 2007; The AIADA newsletter reported that according to MSNBC, consumers are using the Internet to sell their cars themselves rather than accepting a trade-in offer from a dealer.

The trend gained momentum last year as consumers found car dealers especially soaring with their trade-in offers because they were struggling to resell the fuel-thirsty SUVs that consumers were abandoning as gas prices rose.

By the end of the year private-party sales represented 34 percent of the used-car market, up from 18 percent a year earlier, according to a report by CNW Marketing Research Inc. more...