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Automakers, U.S. Auctions Align To Prop Up Used Car Prices

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Two lanes apart at a noisy, fast-paced auto auction near Detroit, two vehicles show why major U.S. automakers have a problem with used cars. In one lane of the Manheim auction facility, a black 2015 Chevy Malibu sedan with barely 20,000 miles on it sold for just over $13,000, less than half its original sticker price. In the other lane, a white 2013 Chevy Silverado pick-up truck sold for $11,500 - despite having 200,000 miles on the odometer. http://feeds.reuters.com/~r/reuters/t... http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com

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