By Brandon Enroth
Used car and truck purchases across the nation have been hitting new record highs in sales throughout 2016. According to Cox Automotive, almost 41 million used vehicles are expected to have been purchased. Jim Olson of Jim Olson Motors, says that he has had success with both new and used cars this year.
Olson elaborated saying that people are more likely going to more comfortable spending money on a car if they feel they have a secure job. According to Experian Automotive, the average loan borrowed for a used vehicle hit a record high during the third quarter of this year at $19,227. This projected number currently will most likely increase over the course of the month, as Olson says December is a pretty successful month when it comes to used and new car sales.