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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.
In 2011, two years after launching a similar service for new vehicles, the company launched a used car inventory search tool, allowing users to compare vehicles in their market. [12] Edmunds.com launched its first TV advertising campaign in select markets in 2012, before expanding nationally in 2013. [13]
Would-be new car shoppers began buying up the available used car inventory and Americans are holding onto their cars longer than ever before. The average car is now 12.5 years old. The most ...
Jul. 23—As used-car prices stabilize, David Grabinski observes an anomaly at Valley Chevrolet. Sales of pre-owned cars outpace those of new cars in July, as of Thursday, said Grabinski, sales ...
New car purchases mean trade-ins, and that increases used car inventory. Essentially, used cars depreciate in value due to the supply factor, which helps you afford a car that was more expensive ...
The summary chart includes the five largest worldwide automotive manufacturing groups as of 2017 by number of vehicles produced. Those same groups held the top 5 positions 2007 to 2019; Hyundai Motor Group had a lower rank until it took the fifth spot in 2007 from the at that time split German-American auto manufacturer DaimlerChrysler, while Ford became surpassed by Honda in 2020, and even ...