Buying a used car offers several advantages over buying new, most of which have to do with price. In fact, many drivers are finding that hanging onto an older car and fixing it up is a more affordable option than purchasing a brand new one.
According to the Detroit Free Press, the auto parts industry is booming as drivers looking to cut costs are opting to repair their used vehicles rather than head over to the dealership and put down the money for a new car. Stock shares for the major auto companies, including Advance Auto Parts, Auto Zone and O’Reilly Automotive are all at or near 52-week highs.