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The Merchant Category Code (MCC) 3416 is specifically designated for **Automotive Dealers—Used Only—Sales**. This code categorizes businesses that specialize in the sale of pre-owned vehicles, including cars, trucks, and other automotive vehicles. It is used by payment processors and card issuers to classify transactions related to the purchase or sale of used automobiles, helping to determine fees, risk levels, and other financial implications of such transactions. Businesses falling under this MCC are typically involved in the retail sale of used vehicles, providing a standardized way to identify and process payments for these types of transactions.