US Used Car Sales Jump More Than 25 Percent in July

The sale of used vehicles in the United States rose by more than 25 percent in July, partly owing to a resumption of activities following a cyberattack in June which widely impacted car dealership operations, according to auto services provider Cox Automotive. “Retail used-vehicle sales in July increased from June, rising by 27.6 percent month over month,” said an Aug. 15 press release. A total of 1.6 million used vehicles were sold by retailers, up by 16.5 percent from a year back. “As anticipated, we are continuing to see the impacts of the sales and inventory reporting disruptions due to the CDK outage,” said Scott Vanner, senior analyst of Economic and Industry Insights at Cox Automotive....