Big dealer groups split on used-car ventures

Used-only stores can be lucrative but costly, leading to a clear split among public dealership groups on whether operating them is worth it. (AUTOMOTIVE NEWS ILLUSTRATION)

August 28, 2017 05:00 AM

Penske Automotive Group Inc., Sonic Automotive Inc. and AutoNation Inc. are expanding their used-only dealerships. But other publicly traded auto retailers have closed the door on the idea altogether.

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