Our Drunken Sailors Are Back: Sales of Used Vehicles Surge in March, same as New Vehicles. Retail Sales Might Look Good

Our Drunken Sailors Are Back: Sales of Used Vehicles Surge in March, same as New Vehicles. Retail Sales Might Look Good

Despite their foul mood, consumers are splurging on vehicles and may also be splurging on other products.

Our Drunken Sailors Are Back: Sales of Used Vehicles Surge in March, Same as New Vehicles. Retail Sales Might Look Good

by Wolf Richter Wolf Street Despite their foul mood, consumers are splurging on vehicles and may also be splurging on other products. Sales of used vehicles at franchised dealers (such as GM or Ford or Honda dealers) and independent dealers to retail customers spiked by 12.8% year-over-year in March, to 1.66 million vehicles, after year-over-year increases of 2.8% and 3.8% respectively in February and January, according to data from Cox Automoti…