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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.
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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)
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