The pre-owned car market started to outpace the new car market during the pandemic.Hindustan Times / Getty Images India minted four used-car unicorns between November 2020 and November 2021. A growing middle class and the rise of the millennial generation is driving the sector’s growth. India’s automotive industry is expected […]
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How to hunt down a used-car deal from a rental company like Hertz, Enterprise during coronavirus
As Hertz offers to sell thousands of its cars at steep discounts and millions of Americans face financial uncertainty due to coronavirus, now might be a good time to hunt for bargains from rental car companies. “There are definitely good deals out there,” said Rick Ricart, president of the pre-owned vehicle dealership Ricart Automotive in Ohio. “Rentals are […]
Bargain-conscious Americans lift used-car sales in the coronavirus economy
By Nick Carey NAPERVILLE, Ill. (Reuters) – At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville. But the seeming oversupply was not a mistake. Despite plummeting sales at his store, […]