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Used car sales skyrocket as high prices drive down new car sales

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Lance Treankler receives his replacement Certified Pre-owned 2008 Escalade (source: gm)If you think new cars are getting too expensive, you’re certainly not alone. According to a report Monday by The Wall Street Journal, the gap between the price of the average new and used vehicle is as wide as it’s been in five years, pushing buyers away from dealerships and towards used car lots and classified ads. However, demand for...

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