With 3.2-million new cars and light trucks leased last year in the U.S., a flood of lease returns are expected to hit the used car market in the coming years.
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Upcoming corporate average fuel economy (CAFE) standards mandate that new vehicles sold in 2025 and beyond will need to get an average 54.5 mpg, a standard that aims to save the U.S. 2.2-million barrels of oil per day.
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An elaborate ploy has been revealed involving the Hezbollah terrorist organization and the buying and selling of used cars in addition to connections with the Lebanese Canadian Bank as well as two Lebanese exchange houses, Hassan Ayash Exchange Co. and Ellissa Holding, which laundered more than $480 million for Hezbollah. Hezbollah allegedly bought used cars...
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