Quick Cash Auto

Beyond the United States: Global Used Car Industry Growth

Posted by Anna Finger On October - 25 - 2013ADD COMMENTS

As we come close to the end of 2013, the used car industry is expected to finish the year with 15.5 billion sales in the United States. This figure is forecast to grow by a little more than one million sales in 2014, which will mark a return to sales levels last seen in 2006. The U.S., however, is hardly alone in this used car sales boom. According to auto industry observers and economists, the longevity of cars these days continues to attract buyers towards the pre-owned vehicle segment. The optimal... more

New Car Sales In U.S. Miss Estimates by Analysts

Posted by Anna Finger On June - 20 - 2013ADD COMMENTS

(NEW YORK) As the American economy continues to recover, automakers are still waiting for that massive pick up in new car sales. Auto industry analysts estimate that a little more than 15 million new cars will be sold in the United States in 2013, but even that figure doesn’t come close to the 40.5 million used vehicles which changed hands last year. Thanks to the American public’s reborn interest in used cars, the industry has gotten very competitive. There will come a time when regional... more

(NEW YORK) The New York State Senate today passed legislation to crack down on auto insurance fraud which has led to injuries – even death – for innocent victims and costs hundreds of millions of dollars a year in higher premiums when New Yorkers already pay some of the highest auto insurance rates in the country. The three bills approved today would significantly cut down on auto insurance scams by increasing penalties for those who commit or assist in the fraud and by giving more flexibility... more

Used Market Stimulates Economies in U.S. and Abroad

Posted by John Colascione On April - 17 - 2013ADD COMMENTS

(Copiague, NY) Economists are closely watching the used car industry in the United States and across the Atlantic to get a sense of the significant role played by pre-owned vehicle markets durinng recessionary periods. The industry in the U.S. has been enjoying a boom over the last few years as Americans weather the aftermath of the Great Recession, but things are different for the member nations of the European Union. According to the European Automobile Manufacturers’ Association (ACEA),... more

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