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Auto auctions are a method of selling vehicles based on an auction system. [1] Auto auctions can be found in most countries and are usually exclusive to licensed automobile dealers. In a few countries, such as Japan, auto auctions are well known and used by most residents.
On September 20, 1893, Charles and Frank Duryea of Springfield, Massachusetts, built and then road-tested the first-ever American, gasoline-powered car in Springfield. [2] During these years, many independent manufacturers built automobiles in the state. [1]
In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
The electric car company Tesla has faced dealership disputes in several US states as a result of local laws. In the United States, direct manufacturer auto sales are prohibited in many states by franchise laws requiring that new cars be sold only by independent dealers.
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Cars with the lead–acid pack had a range of 80 to 100 miles (130 to 160 km), [50] while the NiMH cars could travel 120 to 140 miles (190 to 230 km) between charges. [14] The second generation EV1 leasing program expanded to several other American cities, with monthly payments ranging from $349 to $574. [51]
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