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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 ...
Cal Worthington. Calvin Coolidge Worthington (November 27, 1920 – September 8, 2013) was an American car dealer, best known on the West Coast of the United States for his offbeat radio and television advertisements for his Worthington Dealership Group, a car dealership chain that covered the western and southwestern U.S. at its peak, and ...
“Because they keep dropping the price for a new car, most are concerned that if they buy a new Tesla now, in six months the price of a new one will drop by another $10,000 and kill the trade-in ...
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.
For most consumers, the main point of buying a used car is to save money off the cost of a new one. The average transaction price for new cars was $48,510 as of April 2024, according to Kelley Blue...
CarMax, Inc. CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City, opening its first location in September 1993 in Richmond, Virginia. As of October 2022, CarMax operates 238 locations.
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