Used cars is an industry that accounts for nearly half of American auto retail sales.
Believe it or not, the used car industry is actually the largest retail segment of the economy – with annual sales of up to $370 billion.
The Used Car Industry Keeps Getting Stronger
Compare that figures with other retail divisions, such as $206 billion in annual sales for school and office products, and the $291 made annually from home improvement products.
The industry has grown so large that in the past two decades it has been the recipient of a public relations facelift.