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Americans’ view of present business conditions, the labor market and family finances, though, are still in the dumps, and if they plan to buy cars, many target used units.
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Though the retail sales pace rose in December, used inventory remained steady at 2.2 million, according to Cox Automotive.
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The best methods to approach this crucial money-maker may not always be obvious.
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CDK systems outage at least partly to blame. Cox foresees recovery this month.
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But year-over-year volume down on high borrowing rates, rough winter.
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Prices were off, though demand proved steady in wholesale, Cox Automotive says.
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Pandemic pressures have forced used-car buyers to get older and older vehicles.
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August figures show month-over-month decline, but SAAR up YOY.
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