Accelerated Used Car Market is Growing Opportunity for Sparta Commercial Services, Inc. (SRCO)
While new vehicle sales increased for the fourth consecutive year in 2013, franchised car dealers also finished had an impressive performance, selling 15.6 million pre-owned vehicles and setting a new sales record, according to Manheim’s 2014 Used Car Market Report. Independent dealers saw a less impressive 2% increase in used car sales though industry analysts expect growth in 2014 and beyond. Combined, the used car sales market represents incredible opportunity for New York-based Sparta Commercial Services. Sparta, through its Specialty Reports, Inc. subsidiary, creates, manages and services custom mobile apps for small and medium sized businesses as well as for…