Here are a few water cooler tidbits about used cars that might make you say "hmm."
1. Three out of four automotive transactions in the U.S. involve previously owned vehicles.
2. The average vehicle will likely have three owners in its lifetime.
3. Industry experts believe one of every 25 air bags that have been deployed have not been properly replaced. They’re also the most stolen item from a vehicle (having surpassed radios).
4. About half the cars that are flood damaged end up back on the road. As far as Hurricane Katrina is concerned, estimates are that about 200,000 vehicles were dried out and resold.
5. The most frequently searched price range for a used vehicle is under $5,000.
6. Consumers lose as much as $4 billion a year due to odometer fraud, with the average rollback being 15,000 miles.
7. There are more used Silverado pickup trucks for sale than any other model (nearly 120,000 throughout the U.S.)
