Lending to Automobile Dealerships: Credit Risk Management Issues - RMA U
effect is on the used car market. In 1991, off-lease vehi-cles amounted to just 3.5% of the used vehicle market. By 1997, off-lease vehicles expanded to 7.2%. Further expansion is expected by the end of 1998. The market for used vehicles in the U.S. still overshadows the new vehi-cle market. There are roughly 39 million used vehicles ................
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