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Luxury margins squeeze retailers
2016-02-17 19:21:07| Auto Dealers - Topix.net
Both retailers reported a decline in per-vehicle gross profit for new and used vehicles, citing oversupply of some luxury models and lack of availability of others. "There's just so many different things -- inventory, product availability, turn rate -- it all plays into it," said Roger Penske, chairman of Penske Automotive, in an interview.
Tags: luxury
retailers
margins
squeeze
Category:Automotive