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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.
The influx of older used cars is an optimistic sign for the industry, though. In the first quarter of 2022, the average used car trade-in was 7.9 years old; in the just completed quarter, it was 9 ...
The success of the HMMA plant and the availability of local suppliers led Hyundai to invest over $1 billion in a new Kia Motors plant in West Point, Georgia. The West Point Kia plant is just over the Alabama state line, less than 85 miles away from the Montgomery plant. The two plants are directly linked by Interstate 85 in Alabama.
Group 1 Automotive, Inc. Group 1 Automotive, Inc. is an international Fortune 300 automotive retailer [3] with automotive dealerships and collision centers in the United States and the United Kingdom. Group 1 sells new and used cars and light trucks, arranges financial services, provides maintenance and repair services, and sells vehicle parts.
An analysis conducted by GOBankingRates looked at numerous metrics to determine how much it costs to buy a used car in each state, on average. Following are the 10 states with the highest average ...
From an eye-watering peak of $31,400 in April of last year, the average price had dropped 14% to $27,125 early this month. Now, with the supply of used vehicles failing to keep up with robust ...
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