That's because the used car market is very deep, better than twice the size (in unit volume) of the new car market.
The auto industry selling rate now holds over 14 million in a firm used car market, low cost consumer financing and the aging car population.
Mr Gilda said there had been a welcome upturn after the entire used car market experienced a surprise dip in the middle of last year.
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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Toyotas are worth less on the used-car market, plaintiff lawyers argue, because consumers no longer trust them.
As new vehicles slowly enter the used-car market, Sirius XM will have a greater opportunity to grab subscribers.
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.
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.
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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Vehicle damage reports like CarFax are widely available on the Internet and make it easy to spot cars that have been suffered heavy flood damage, said Ricky Beggs, vice president and managing editor of Black Book, a guide to the wholesale market for used car dealers.
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.
Kosevo hospital was inundated with victims carried by ambulance, car and lorry, some of them wrapped in the canvas used on the market stalls.
It used to take five years for a bright new idea in a car company to reach market and make a contribution to increased profits.
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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