Used-vehicle sales increased by about a million units in 2001 for a record 42.6 million sales and a record $376 billion in revenue – all this in a year that brought intense pressure and unique conditions to the market. Used-car prices were driven down in October by a flood of vehicles resulting from more than 3 million off-lease vehicles; a record number of trade-ins spurred by 0% financing; and by rental companies, which slashed their airport fleets because of reduced air travel – ...
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