The retailer of both new and used cars is well positioned to capture profits as the market shifts rapidly given the new macro conditions.
With rising costs and stiff competition hammering margins on used vehicles, the company has shifted its attention to new-car sales which offer a better earnings outlook which occurs on the back industry wide manufacturing strikes in Detroit, aka fewer outputs which will increase the pricing power.
Given this, oncoming third-party results are expected to outperform last year’s figures.