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A used inexpensive car is now becoming more and more of a luxury. What the market wants right now is not available, and that’s $3,000, $4,000 and $5,000 cars.
Anyone who has shopped for a used car recently knows that this market is white-hot. Good late-model used cars and trucks are in high demand. Take, for example, the recently published list of best ...
At $28,381, the average transaction price in Q1 is considerably higher than the $19,657 level five years ago. Even more troubling for buyers looking for used cars is that the available pool of ...
Autotrader.com, Inc. is an American online marketplace for car buyers and sellers, founded in 1997. It aggregates new, used, and certified second-hand cars from dealers and private sellers. The site also provides users with automotive reviews, shopping advice, and comparison tools for car financing and insurance information. [1]
In the year 2009, in the largest decline during economic crisis, fewer than 6 million new passenger cars were sold in the United States, and the total number of new sold and leased cars and light trucks dropped to just above 13 million from a normal pre-crisis level of 20 million. [13]
Established in 1898, the Empire State Motor Wagon Company in Catskill, New York was one of the first American used car lots. [3]The used vehicle market is substantially larger than other large retail sectors, such as the school and office products market (US$206 billion in estimated annual sales) and the home improvement market (US$291 billion in estimated annual sales).
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