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AutoNation expects used-car price drop as volumes recover

AutoNation's gross profit per used car was down 10% in Q4

Bloomberg News

AutoNation Inc., one of the biggest car dealership chains in the US, expects prices for new and used cars to decline this year as manufacturers crank up volumes and offer more incentives to price-sensitive buyers. The company, which pivoted to selling more used cars than new during the pandemic as chip shortages sapped inventory, has been bracing […]

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