BHPH sales volume jump by double digits in November, according to Subprime Auto Finance News.
There have been some rough seas for buy-here, pay-here dealers to navigate during the past several months, but CNW Research noticed some positive developments arose for these stores in November.
The firm said BHPH stores posted a 15.6-percent increase in volume during November versus a year ago. Last month’s performance also produced a slight 1-percent gain versus October.
November’s used-vehicle sales results appeared to be good for more than just BHPH dealers. Not only did used-car sales go up more than 4 percent last month, significantly more people ventured out of their own markets to buy used vehicles.
That’s according to CNW, which said Monday that there were 3.10 million used sales in November, a 4.5-percent year-over-year increase.