Used-Car Market ‘Where It’s At,’ Economist Says.

The article reports on the market performance of used automobiles from 2008 to 2012. Sales of used automobiles in 2010 grew four percent, reaching about 37 million units. Chief economist Tom Webb predicts that sales of used automobiles in 2012 will reach 40 million units and light vehicles will increase to over 13 million units in 2011 from 11.6 million units in 2010. He adds that the used-automobile market will benefit from retail sales and profits.