What's Behind the Surge in Used Car Sales?

In recent years, the used car market has experienced a significant increase in sales. What drives this trend? Let's dive into some of the key factors.

The Rise of Online Marketplaces

One major contributor to the surge in used car sales is the rise of online marketplaces. Websites like CarGurus, Autotrader, and Cars.com have made it easier for buyers to search, compare, and purchase vehicles from the comfort of their own homes.

Changes in Consumer Behavior

Shifts in consumer behavior have also played a role in the surge in used car sales. With more people considering alternative transportation options, such as electric or hybrid vehicles, there's been an increase in demand for used cars.