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Dealers may also push shoppers to finance their used car purchases but to reconsider buying used and get a new car instead. Be ready to negotiate if you decide to shop at a franchise dealership.
As of 2024, there were just 11.4 million used cars 6 years old or newer available to buy at dealerships — a drop in 4.1 million from the 15.5 million used cars available in 2022.
Consumer Reports has put out its first-ever brand ranking on used vehicles as well as its 10 top picks of the best individual used cars priced under $20,000 — two of which are General Motors ...
The company rolled out the platform across its existing dealership base while announcing intents to utilize the brand in markets in which it did not currently own stores. On September 29, 2021, Asbury purchased the Utah-based Larry H. Miller Dealerships for $3.2 billion, along with its Total Care Auto (TCA) vehicle protection plan business. [20]
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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]
Earnhardt set up Earnhardt Auto Centers in 1951 and the company has grown from 1 to 24 dealerships, representing 18 brands, employing more than 2,200 people. [6] According to Automotive News Data Center’s top 125 dealership group data, in 2012, the company sold 19,049 new and 9,793 used vehicles in 2012.
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