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National Automobile Dealers Association. Founded in 1917, the National Automobile Dealers Association represents the interest of new car and truck dealers to the public, the media, Congress and vehicle manufacturers.
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Used car industry. With annual sales of over US$350 billion, the used vehicle industry represents almost half of the U.S. auto retail market and is the largest retail segment of the economy. In 2016, about 17.6 million used cars and trucks were sold in the United States, a slight increase from 17.5 million used cars sold in 2015.. History. In 1898, the Empire State Motor Wagon Company in ...
Typically the rate of depreciation slows with age. Year one A new car loses value as soon as you drive off the forecourt and by the end of the first year will have lost around 40% of its value.
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Fair market value. Fair market value (FMV) is the price that property would sell for on the open market. It is the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts.
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