The prevalence of manufacturer incentives has pushed up the profits of the largest auto retailer in the U.S., AutoNation Incorporated. Its fourth-quarter income was up 9 percent from the same period of 2009, Automotive News reports.
Another reason for the retailer’s growing profits was the increase in used car sales. In particular, the Value Vehicle Center initiative may reportedly be tied to the retailer’s 24 percent increase in used car sale revenue during the last months of 2010. These centers take older, higher-mileage vehicles and recondition them for resale as bad credit cars. AutoNation’s CEO told the news source that there are currently 19 such centers nationwide.
Drivers who are considering a used vehicle purchase but aren’t sure if they can afford it may want to explore their car financing options and research their options for purchasing an affordable, thoroughly reconditioned used vehicle. With a bad credit car loan, a reconditioned used vehicle may easily be within the reach of even the most financially troubled of consumers.