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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
Add BT as a preferred sourcePublished Sun, May 14, 2017 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 after the Great Recession.
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