Franchised dealers are seeing huge opportunities in used cars including starting up stores specializing in pre-owned vehicle sales and sometimes under a new retail brand name.
CarMax has been the largest player in the retail used vehicle space and has had about 1% share of the market. That leaves an enormous amount of opportunity for stand-alone used car stores. Here are some of the used car market forces influencing strategic business decisions by dealers..
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How Retailers Are Making Used Car Stores Highly Profitable appeared first on Automotive Digest.