USED CAR MARKET GROWS!
From the WSJ, By Adrienne Roberts
Updated Sept. 23, 2018 ;
Buyers paid an average of $22,489 for a three-year-old used car in the second quarter of 2018, up $865 from the prior-year period, according to Edmunds.com. That is still well under the average $35,828 paid for a new car last quarter.
While used-car values have also increased in recent years, the gap between the price of a new and preowned car has also widened and is now at one of its largest points in more than a decade, according to car-shopping website Edmunds.com.
With nearly 40 million in sales last year, the used-car market is more than double the size of the new-car business.
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