Filed under:
Earnings/Financials,
Auctions,
Car Buying,
Used Car Buying
At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville. Despite plummeting sales at his store, Prestige Motor Works, Tovstanovsky was betting on a recovery, buying dozens of cars in early April as auction prices for used vehicles dropped. "This is an election year and I felt the Trump administration and the Republicans in Congress would do whatever it took to keep the ec
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Used-car sales surge in bargain-conscious coronavirus economy
