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Used Car Boom: Why they are worth more than ever

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Something unprecedented is happening: used cars are actually appreciating in value.

In fact, the average price of a used car has shot up 48% in the last year. This is forcing huge changes in the industry, leading decades-old dealerships to start offering online sales and home delivery.

They’re hoping to ward off disruptors like Clutch, a Canadian online used car marketplace, which is going after younger customers who want the convenience of ordering a car like they would a pizza.

For The New Reality, Mike Drolet explores the wild ride of used cars sales – and how long this trend is likely to continue.

For more info, please go to https://globalnews.ca/news/8736736/used-car-booming-market/

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Category
U.S. & Canada
Tags
global news, The New Reality, car sales
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