You are here

US used-car glut good news for dealers, buyers

But for carmakers such as GM, Ford and Fiat Chrysler, the oversupply means stagnating stock prices amid slowing demand for new vehicles after years of rising sales
Monday, May 15, 2017 - 05:50

BT_20170515_CPRUSED15_2885974.jpg
The oversupply of used-cars in the US allows independent dealers such as Mr Reel (above) to make a quick profit on vehicles bought cheaply from auction companies.

Orwell, Ohio

THREE years ago, if a customer walked onto Dan Reel's used-car lot seeking a late-model off-lease Ford Escape, his answer was short: tough luck.

The supply of lightly-used cars and trucks was tight because carmakers had drastically cut back on bargain leases during and

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom