AutoNation Inc.’s top executive warned that softening car prices will likely fall further as inventory grows, a welcome sign for inflation-weary buyers but worrisome for dealers facing new pressure on profit margins.
AutoNation, one of the largest car dealership chains in the US, saw gross profit on each new vehicle sold plunge 25% in the second quarter, as automakers dial up discounts while replenishing supply that was depleted during the pandemic. Deals on new cars are aimed…
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