How Did the US Used Car Market Become a Billion Dollar Industry?
How did the used car market become a billion dollar industry in the US?Jerry dives deep into the fascinating evolution of the used car market in the US. Have you ever wondered how it transformed into a billion-dollar industry? From its humble beginnings as an affordable alternative to purchasing new vehicles, the used car market now commands exorbitant prices. Watch the video as Jerry uncovers the factors and trends that contributed to this change. Don't miss out - hit that subscribe button for more content like this!
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00:00 Introduction
00:25 Early 1900s
00:58 Planned obsolescence and the start of the used car market
01:18 The 1920s: the beginning of 'OK' used cars
02:04 The rise of the used car salesman
02:27 1990s/2000s and the internet
03:10 The impact of COVID-19
04:02 Will things ever return to 'normal'?