Dealers could tap deeper into demand for used cars, industry official says.
MADRID – Used vehicles have become a crucial business for Spain’s franchised auto dealers, generating 15% of total income and 8% of profits during the past year. Second-hand vehicles were responsible for €8.8 billion ($12.2 billion) in dealer income in 2013, up 4.8% over the previous year. These are some of the findings in a survey conducted by Snap-on Business Solutions for GANVAM, one of the leading associations of Spanish auto dealers, vendors and repairers. Juan A. ...
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