Auto-shopping sites target used car market, according to USA Today.
Auto-shopping and research websites are revving up development of products to mine the gold in used car sales.
In general, the initiatives promise to give used car shoppers either a better idea of the value of their own used cars, or more accurate prices they can expect to pay for used models.
The development is evidence both of fierce competition among the best-known car-shopping and research sites, and the strong used car market.
Last year, 35.8 million used cars and trucks were sold in the U.S., according to registration data from Ward’s — more than twice the 15.6 million new vehicle sales last year.
Among used cars sold by new car dealers — roughly one-third the total — prices rose 1.6% in 2012, latest-available data from the National Automobile Dealers Association. New car prices were up 0.8% in the same year.
