Mexican Media Brands
Used Car Market Revved Up
If you are shopping for a previously owned car or trying to negotiate a trade-in value for your current ride, you are no doubt witnessing the effects of the explosion in the used car business.
#economics
Share
If you are shopping for a previously owned car or trying to negotiate a trade-in value for your current ride, you are no doubt witnessing the effects of the explosion in the used car business. And, as businesses go, few are bigger. "Very few people realize used car sales are probably three times bigger than the new car industry sales. The used car industry really fuels what happens with auto sales," says Sandy Schwartz, president of Cox Automotive, a subsidiary of Cox Enterprises. (CNBC)
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.