Used Cars

Used-vehicle retailers shifted Q1 goals to profit over volume

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“Last year in the first quarter we made the tactical decision to realign, reposition and reduce used-car inventory, and I think that proved to be a prudent move as the year went on.”Mike Manley, CEO AutoNation (AUTOMOTIVE NEWS ILLUSTRATION)
May 20, 2023 04:00 AM

Used-vehicle-only retailers and some of the six publicly traded dealership groups in their latest quarters said they favored boosting gross profit per used vehicle they retailed and not necessarily growing sales volume.

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