Retail

A new philosophy: Turning cars in 30 days

Denny Amrhein borrowed a strategy from Cox Automotive to generate cash flow from used vehicles during the recession.
September 03, 2018 05:00 AM

TOLEDO, Ohio — A nationwide recession and Chrysler's collapse into bankruptcy set off a once-in-a-lifetime economic catastrophe in Jeep's hometown. Unemployment nearly doubled to 14 percent. Small businesses collapsed. Frozen credit imperiled most local economic activity.

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