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Retailers’ margins hurt by Stellantis’ supply challenges

Asbury Auto’s Q3 gross profit per vehicle for Stellantis brands down 53% YoY

James Van Bramer

Auto retailers reported weaker margins for sales of Stellantis brands in the third quarter as supply challenges persisted.  Asbury Automotive‘s gross profit per unit for new vehicles declined again this quarter but showed signs of moderation, a noteworthy development given its 20 Stellantis locations, Chief Executive David Hult said on the company’s Oct. 29 earnings call.   […]

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