AUTOS: Amber Light

The used car trade, a boomtown bonanza since 1945, was settling back into being just a business. And for the moment, at least, business was not very good. Since the first of the year, used car prices have fallen between 10 and 20%. Last week, even with lower prices, most used car lots were jammed with bright, shiny secondhand jobs, and sales were pretty much at a standstill.

What sales there were did little to cheer the salesmen. Except for "used" new Cadillacs, which still command handsome ($1,100) premiums after they have been...

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