He figures his business will just keep scraping by on service and used cars.
If you sold used cars, these are the customer you would want on your lot.
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Consumer Reports has an even more detailed list of the best and worst used cars.
Demand for used cars, plus service and parts' sales, have kept him marginally profitable.
That would be "kind of like selling fish, or used cars, on the corner, " he sniffs.
Another source of income is used cars, where comparison shopping on the Internet is a little tougher.
But when the government lifted the tax on automobile imports, the country was flooded with used cars.
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But due to a variety of factors, prices on used cars are indeed high right now.
Remember the sneers about Hyundai when it first arrived in the U.S.: It couldn't compete with used cars.
Now they are exploiting computers and the Internet to improve service and boost volume, especially for used cars.
Net margins for used cars average 1.7% compared with 0.7% for new cars.
The Accord, F-150, Camry, Silverado and Civic are the top five most popular used cars, Edmunds reported last week.
On the radio, car companies are asking people to trade in their used cars because their inventory is low.
One reason: an ill-advised move in the late 1990s into home appliances and even used cars, via online peddler CarMax.
Leases expand and rationalize the market for used cars, since one 30-month-old Lexus 400 is pretty much like any other.
The theory of adverse selection was first applied by George Ackerlof to the market for used cars in the 1970s.
Finally, the internet craze made it hard for Carmax's brand to stand out as others rushed to sell used cars online.
According to media reports, the word gebrauchtwagen or "used cars, " appeared 42 times on the doorway page of the carmaker's German site.
They can still make money on service and on selling used cars.
Now add the revenue from service, parts, financing, insurance and used cars.
Also unknown and unseen is what will become of the charities reliant on the sale of used cars to fund their various initiatives.
As CarMax was struggling, along came AutoNation, the giant new-car dealership group, with a plan to compete with CarMax head-to-head in used cars.
As always, careful shoppers can be expected to garner the best deals in used cars no matter what size or type they favor.
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The accompanying slide show includes full ratings and rationale for all of the used cars we feel are among the best deals.
Up until that point I had had some old, beat up -- (laughter) -- used cars -- they were not state of the art.
Despite his unattractive past, Garcia quickly built Ugly Duckling into the top seller and financer of used cars for people with lousy credit histories.
If he weren't selling cigars, he might be selling used cars.
Also pushing down the value of used cars are price cuts on new cars, typically taking the form of so-called "incentives"--that is, rebates or cheap financing.
Still, used cars are usually less expensive overall, as long as the buyer does a lot of homework, including a thorough inspection by a good mechanic.
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One of every six used cars listed for sale in the United States has been in an accident, a recent study by CarGurus shows.
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