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Cincinnati. Average used car price: $31,622. Price difference from national average (percentage): -7.6%. Price difference from national average (dollar amount): -$2,605. More Bang for Your Buck ...
The average cost of a used car is $26,510, according to Kelley Blue Book.While this is significantly less than what you can expect to pay for a new vehicle, it’s still not exactly cheap.
Finding cheap cars can be tricky, especially in the current market. Inflation, soaring rates and ongoing strikes -- which might contribute to low inventory -- are all putting pressure on prices.
Established in 1898, the Empire State Motor Wagon Company in Catskill, New York was one of the first American used car lots. [3]The used vehicle market is substantially larger than other large retail sectors, such as the school and office products market (US$206 billion in estimated annual sales) and the home improvement market (US$291 billion in estimated annual sales).
In American slang, a lemon is a car that is found to be defective after it has been bought. Akerlof's theory of the "Market for Lemons" paper applies to markets with information asymmetry, focusing on the used car market. Information asymmetry within the market relates to the seller having more information about the quality of the car as ...
Buy here, pay here. In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [ 1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have ...
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