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In the United States, auto auctions play a major role as a wholesale market for second-hand vehicles. Most states only allow closed auctions, meaning only dealers can use them. [6] As of 2018, there were 139 used car-auction sites in the US open only to car dealers. [7]
Wholesale used car prices dropped by 4.2 percent from May to June, marking the largest monthly decrease since the start of the COVID-19 pandemic, according to the Manheim Used Vehicle Value Index ...
Manheim’s new-vehicle sales data shows a jump of 8.7% year over year in February, and up 9.1% month over month. It seems the issues Americans have had buying cars lately — whether it’s been ...
Car dealership showroom. In the United States, a car dealership is a business that sells cars. A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car maintenance and repair services as well as trade-in, leasing, and financing ...
Autotrader. Autotrader.com, Inc. is an American online marketplace for car buyers and sellers, founded in 1997. It aggregates new, used, and certified second-hand cars from dealers and private sellers. The site also provides users with automotive reviews, shopping advice, and comparison tools for car financing and insurance information. [1]
Small cars are back because that’s all Americans can afford. Sasha Rogelberg. July 30, 2024 at 1:02 PM. Getty Images. Americans have had a long love affair with big cars and the fantasy of ...
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