Autonation CEO on CNBC this am.........
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Autonation CEO on CNBC this am.........
He said back in May they had to cut used truck/suv prices by 25% to sell off overstocked inventory. Now people realize with the savings offsetting fuel prices they can still drive trucks/SUVs.
When addressing new car/truck pricing they realize to move the 08's they will need to cut prices and stock less of the truck/SUV inventory in the future to eliminate the overstock they have now. He was quoted saying on some models the price cuts will have to be 10-25%.......ouch.
When addressing new car/truck pricing they realize to move the 08's they will need to cut prices and stock less of the truck/SUV inventory in the future to eliminate the overstock they have now. He was quoted saying on some models the price cuts will have to be 10-25%.......ouch.