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The Used Car Industry
Beginning of essay
In the past 30 years, the United States auto industry has gone through many
changes. In order to stay competitive with a foreign market, constantly
threatening to eat away at profits, the American auto industry has had to
respond by being flexible and adapt itself to this new situation. Although, ....
Middle of essay
....n busy changing and evolving to answer consumer demands.
One of these signs has been the growth of large auction houses that are
appearing all over the country. Big investors are attracted by the potential
profits, which are an average of 1.5% of the wholesale price. The auctioneers
make their money by auctioning off used cars and trucks mainly to dealers only,
and are supplied with vehicles that come from trade-ins, repossessions, leased
vehicles, and smaller used car lots. With this realloca.... |
| Number of words: 2157 |
Approximate pages: 8 |
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