Scalper1 News
That new-car smell may be enticing, but for many consumers, buying a used vehicle is where it’s at. Thanks to easier credit and the deterrent of high prices for new cars, many auto retailers are seeing strong demand for used vehicles. According to TrueCar (TRUE), the average price for a new car this year is $31,831, which is nearly double that of $16,335 for a used one. On Friday, CarMax (KMX) reported a 28% jump in fiscal Q3 earnings and a 16% Scalper1 News
Scalper1 News