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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.
Since most states have requirements for a dealer to warranty or even guarantee a used vehicle for a certain amount of time and or mileage if sold to the public at a certain price, [10] a dealer must make a profit selling the previously traded car (now a used car). Trade-in value is an important facet of the car deal.
ES 300 was the best-selling Lexus sedan in the 1990s. In 1996, Lexus debuted its first sport utility vehicle, the LX 450, [59] followed by the third generation ES 300 sedan, and the second generation GS 300 and GS 400 sedans in 1997.
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Sonic Automotive owns EchoPark Automotive, a used car dealership chain also based in Charlotte. [8] EchoPark allows customers to look up competitors' prices on mobile devices located throughout the stores. [8] The first EchoPark location opened in the Thornton area of Denver, Colorado in 2014.
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