Toyotas are worth less on the used-car market, plaintiff lawyers argue, because consumers no longer trust them.

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As new vehicles slowly enter the used-car market, Sirius XM will have a greater opportunity to grab subscribers.

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As these new vehicles enter the used-car market slowly, Sirius XM will have a greater opportunity to grab subscribers.

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Meanwhile, the Tata would have to compete, too, with a used-car market that turns over 43 million cars a year.

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While recent reports suggest a softening of prices in the used-car market in the coming months, values of pre-owned models continue to be at record highs, due largely to inventory shortages caused by depressed new-car sales and leasing following the economic collapse in late 2008.

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Those in the used-car market are advised to hit the lots sooner rather than later, as NADA expects prices to be softer in the first half of the year as consumers and businesses react to the expiration of the payroll tax reduction and the ongoing political wrangling over the debt ceiling extension and the federal budget sequester.

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Raising securitised credit becomes more difficult when a flood of discounted new models hits the market, depressing used-car values and leading to yet more discounting.

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Just recently, Kia Motors announced that it will begin to offer Sirius in certified pre-owned vehicles, an important first step into the used car market.

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At Renault Mr Ghosn used a similar approach, although a bit higher up the market, to make a back-to-basics car called the Logan at the company's Romanian subsidiary.

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