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In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
On average, a CarMax location employs 40 sales associates. Each car goes through a thorough 125-point inspection process, beyond any state-required inspections, and includes a 90-day warranty, three days to change the financing for free, and, 10-day money-back guarantee (reduced in 2024 from a 30-day money-back guarantee). [10] [11]
In 1909, the company hired Lee Frayer to design a full-sized car, with Eddie Rickenbacker as his assistant. [23] The Firestone-Columbus, a gasoline-powered car geared toward families, began production in 1909. [21] About 500 of the vehicles sold in the first year and it was generally well received in the market.
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Off-price, fast casual, and the used car market may be the biggest consumer wins in 2025. Consumer stocks 2025: Watch out for discount retailers and fast casual chains, tariffs remain a wild card ...
According to Manheim’s latest used vehicle value index, used gas-powered car prices fell 3.5% in October, whereas pure EV prices fell by 11.1%. And the downward pressure on prices will continue.
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