#used-cars

#used-cars

When we started the business, we were primarily focused on a consumer problem related to buying and selling cars, and it became very clear to us that the market is much bigger than that.

"New car prices go up. People (look) into the used cars, and then that increase in demand drives the prices up for used vehicles," he said.

Reconditioned cars, often a more affordable alternative to brand-new vehicles, have undergone significant repairs and refurbishments to enhance their condition, making them appealing options for cost-conscious buyers.

The freezing weather that carried over into the new year has been a wake-up call for many drivers, with a realisation that their cars aren't completely fit for purpose.

The consumer price index rose 2.5% year-over-year, but durable goods prices have declined, indicating a divergence in price trends for bigger-ticket items.