Friday, October 26, 2007

PIN Reports Days-to-Turn for 2005 Used Models

By Jennifer Reed, SubPrime Auto Finance News Editor October 29, 2007

WESTLAKE VILLAGE, Calif. — When looking at how quickly 2005 model-year vehicles are selling at stores, Power Information Network saw an interesting trend come to light.

"The fastest-turning used 2005 model-year vehicles bear one clear similarity with the fastest-turning new vehicles: Both groups are dominated by imports," officials indicated.

Reviewing 12 used vehicles with the lowest turn rate, PIN discovered that 11 were foreign brands. All imports covered Toyota, Nissan or Honda models, executives highlighted.

"Also, 10 of the 12 models are light trucks but in contrast to new-vehicle trends, only one of the fastest-turning used trucks (Murano) is a crossover," officials said.

10 Fast-Turning 2005 Models Include:
Toyota Sequoia: 26 days
Nissan Armada: 26 days
Dodge Sprinter: 28 days
Honda Odyssey: 29 days
Infiniti QX56: 30 days
Toyota Sienna: 31 days
Toyota Tacoma: 31 days
Nissan Murano: 31 days
Toyota 4Runner: 32 days
Infiniti G35: 32 days
Nissan Titan: 32 days
Lexus ES Series: 32 days

According to the company, data was gathered Jan. 1 though Oct. 21. Additionally, officials noted that more than 10 models were included because of ties. Results were based on sales at franchised dealerships.