How to buy a new car or a new appliance, and then buy a used one.
Read moreThe market for used cars and appliances has boomed, and that is expected to continue, with a further spike expected as the global economy gets back on track, according to a new report from a leading automotive industry trade body.
While the car and appliance market is still growing, it is expected that demand will peak in the next two to three years, according the IHS Automotive Group.
The global automotive industry is expected by analysts to generate $2.4 trillion in sales in 2021, up from $2 trillion in 2020.
However, in 2021 the industry is forecast to generate less than $1 trillion, according IHS.IHS said the market is also growing, but not as fast as the car market.
It expects the global auto market to grow by a total of 6.2% from 2021 to 2021, and 6.6% from 2020 to 2021.
That growth is largely driven by demand for new cars, which is expected in the range of 40 million to 50 million units, compared to the 20-24 million unit target the ICS expects.