6 Mind-boggling Facts Of the Used Car Market
                     6 Mind-boggling Facts Of the Used Car 
Market
Introduction
At some point in your history of buying cars you are sure to have considered 
buying a used car. In the majority of cases you will have purchased a used car 
because of the lower costs. Now more than at any time purchasing a used car 
is an option being taken by consumers. The used car business is booming right 
now. Take a look at these 6 key facts before shopping for a used car.
1. Used car trades dominate the 
automobile market
You probably think that this isn’t right because all you see on 
TV are commercials of new upcoming models ranging from a 
sedan to a SUV. However, it is correct and the used car 
market is around 3 times larger than the new car market.
2. Certified pre-owned (CPO) cars are hot
CPO cars stand out from regular used cars in the way that they are inspected,
refurbished and certified by a certifying authority. CPO cars provide great 
deals to the customer. Detailed inspections before purchase and manufacturer 
warranties are key benefits. Naturally they sell well.
3. An average used car goes through 3 
owners
Most used cars don’t have just a single owner. Most 
used cars have a minimum of 3 owners and many of the 
owners don’t have the maintenance history for the car.
4. Used fleet cars usually encounter more 
accidents
Used fleet vehicles are those previously owned by businesses 
and it is recognised that these cars tend to have been 
involved in more accidents than privately owned vehicles. 
Always opt for an independent thorough inspection.
5. Odometer fraud is still prevalent
Many vehicles have analog odometers and the
mileage can easily be altered to increase the value of the 
vehicle. Even with digital technology odometer discrepancies 
are still quite common today.
6. 3rd Party extended warranties can be 
illicit
The offer of extended warranties is a lucrative business, particularly when 
used cars are involved. Should you opt for an extended warranty? 
If the warranty is provided by a 3rd party and not the OEM we would 
question its value.
Created By
www.premier-plates.co.uk