The big talk in the auto industry has been around electric cars and their eventual role in autonomous driving.
But the used-vehicle market in the U.S. is more than twice as large as the new-car market on a unit-sales basis. So it’s worth taking a close look at how the used market is evolving and how you might profit from it.
The media is fixated on the other big change in the U.S. auto market — the acceleration of the electric-vehicle industry led by Telsa Inc. TSLA, -5.33%,
whose stock rose 245% during the third quarter. You may have missed out on Tesla’s gain, unless it is held by an index fund you own, but there are other ways to invest in the electric-car revolution.
According to Statista.com, 40.8 million used cars and trucks were sold in the U.S. in 2019, compared with 17 million new vehicles sold. You