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The Used Car Industry
Beginning of Paper
In the past 30 years, the United States auto industry has gone through many
changes. In order to stay competitive with a foreign market, constantly
threatening to eat away at profits, the American auto industry has had to
respond by being flexible and adapt itself to this new situat .... Middle of Paper .... bought on the condition "as is" or, at
best, with a very limited warranty. If a buyer of a used car drives off the lot
and finds they have purchased a vehicle that needs lots of money spent on it for
repairs, they may possibly find themselves out of luck. Another downside may
come as more people continue to saturate the market, looking for used cars to
buy, the resources available will become scarce. An increase in used car prices
may gradually start to rise. As the figures indicate, for now consumers seem to
be content with taking this ri ....
2157 words | 8 pages
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