Beggs: BHPH Businesses See Benefit

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AutoRemarketing - July 18, 2012

Today’s trade-in has about 3 to 4 more years on it than cars consumers were bringing in just a few years ago, according to Black Book. And the stores most likely to gain from this trend are the buy-here, pay-here businesses, says senior editor Ricky Beggs.

The current trade-ins, about 900,000 expected this year, are older models as people hold onto their cars longer.

“These trade-ins today are model years 2000 to 2005, and Black Book believes the mileage on those vehicles is between 150,000 and 200,000, significantly higher than mileage on trade-ins a few years ago,” said Black Book’s Ricky Beggs, explaining why BHPH dealers are likely to benefit.

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