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A new report from Edmunds says the used-car market is flourishing with vehicles “flying off dealer lots at record rates”—and a lot of those buyers are likely to face sticker shock.
Other lots were occupied by used car lots. Prior to being converted into an automobile-centric commercial area, the district was a Victorian -era residential neighborhood.
Used car dealers can carry cars from various different manufacturers, while nearly all new car dealerships are franchises associated with one or more manufacturers. Some new car dealerships may carry multiple brands from the same manufacturer. In some locales, dealerships have been consolidated and a corporation may control a chain of dealerships representing several different manufacturers.
A car dealership, or car dealer, is a business that sells new or used cars, at the retail level, based on a dealership contract with an automaker or its sales subsidiary. Car dealerships also often sell spare parts and automotive maintenance services .
On used lots these days, bargains are hard to find. Even after accounting for the price drops of the past year, the average used vehicle remains about 35% above where it was before the pandemic ...
A new report from Edmunds shows the used vehicle market is seeing a revival as cooling prices are luring in consumers who held out on making a purchase the past few years.