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Big Motor (BIGMOTOR Co., Ltd. (Japanese: 株式会社ビッグモーター, Hepburn: Kabushiki gaisha Biggumōtā)) was a Japanese automotive retailer.Formerly the largest used car dealer in Japan, [2] in 2023 the company was hit by a series of scandals and allegations of widespread, systematic insurance fraud. [3]
Off-rental: rental car companies normally replace their fleets once a year, releasing a flood of late-model cars to the secondary market. Like the big financial institutions that underwrite car leases, rental companies also rely on auto auctions to sell off their used inventory. These vehicles tend to be well-maintained and driven for only one ...
Most car dealerships display their inventory in a showroom and on a car lot. Under U.S. federal law, all new cars must carry a sticker showing the offering price and summarizing the vehicle's features. [4] Salespersons, predominantly those who only work on commission, negotiate with buyers to determine a final sales price. In many cases, this ...
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[1] [7] [8] When newer cars are more expensive or there are supply chain issues, consumers are more likely to keep and repair their existing cars, or purchase older used cars that require more regular repairs. [1] The average age of vehicles in the United States increased from the 6.5 years in 1980, to 8.5 years in 2000. [5]
The U.S. Big Three were first weakened by the substantially more expensive automobile fuels [6] linked to the 2003–2008 oil crisis which, in particular, caused customers to turn away from large sport utility vehicles (SUVs) and pickup trucks, [7] the main market of the American "Big Three" (General Motors, Ford, and Chrysler).
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