Used Car Market
Lease Returns, Former Rentals to Flood Used Car Market
With 3.2-million new cars and light trucks leased last year in the U.S., a flood of lease returns are expected to hit the used car market in the coming years.
Strict New MPG Rules to Raise Used Vehicle Prices: Study
Upcoming corporate average fuel economy (CAFE) standards mandate that new vehicles sold in 2025 and beyond will need to get an average 54.5 mpg, a standard that aims to save the U.S. 2.2-million barrels of oil per day.
Hezbollah Terrorist Group Operated Used Car Program to Fund Itself
An elaborate ploy has been revealed involving the Hezbollah terrorist organization and the buying and selling of used cars in addition to connections with the Lebanese Canadian Bank as well as two Lebanese exchange houses, Hassan Ayash Exchange Co. and Ellissa Holding, which laundered more than $480 million for Hezbollah. Hezbollah allegedly bought used cars…
