Were you aware that almost 40 million used cars exchange hands every year? This includes private-party transactions as well as dealership sales. It’s interesting to note that the average vehicle will actually have 3 different owners throughout its lifetime as well.
Sales for certified pre-owned sales broke records during 2016. There were 2.6 million units sold during that year. Furthermore, light truck sales also increase over 7% in 2016, and 60.6% of all United States vehicles sales were for light trucks. Passenger cars comprised 39.4% of the remaining sales for that year.
Thus far in 2017, the Ford F-series continues to be the best-selling truck for 40 years in a row. The F-250 is available with a stan
Purchasing vehicle involves weighing the benefits of a vehicle–fuel economy, features, reliability–and considering the commitment you will make in paying for it. While the weighing of the benefits can be an exciting experience, the payment process involves an understanding of what you can or cannot afford.
According to Kelley Blue Book, the amount people paid for new cars rose $836 from 2014 to 2015, with the average transaction amounting to over $30,000.
“Prices were up across most of the industry,” Alec Gutierrez, a senior analyst for Kelley Blue Book, said in a press release.
Many who found they could not purchase a new car even with the help of a financing agreement turn to dealers of pre-owned vehicles for a vehic