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A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
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]
New cars make up 49% of retail auto sales, with used cars making up the other 51%. [39] Additional revenues come from auto repair at the dealerships, financing, and insurance sales. [40] In 2013 Lithia was named No. 9 on Automotive News' list of the 125 largest U.S. dealership groups, with retail new-vehicle sales of 56,960 units in 2012.
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Hoover attended and graduated from Wichita State University. [5] After college he held multiple jobs in the used car industry, even starting his own dealership for a short time, before working with his father at his father's Freddy's Frozen Custard & Steakburgers fast food franchise locations. [6]
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