Combined new and used auto sales are likely to reach a record $1.1 trillion in the U.S. this year, and that figure could double by decade’s end, according to various industry
studies. In all, Americans will have purchased 54 million new and “previously owned” cars, trucks and crossovers, reports data service TrueCar. Automakers have been able to boost prices
because of demand driven by sustained economic expansion and falling gas prices.
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