Autonation AN on the NYSE Message Board

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Non-Tech : Autonation AN on the NYSE

AN 199.87

+2.1%

Oct 31 9:30 AM EST

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To: Herc who wrote (72)	12/14/1999 5:49:00 PM
From: Hank	Read Replies (1) of 77

"Apparently there are scarce profits in rental and used cars." That's because there are too many competitors in the rental business and too many used cars for sale. It squeezes margins to point of where it's not worth it anymore. How many people do you know still buy their cars as opposed to leasing them? Not many, I would think. Cars have gotten so outrageously priced that the only way the average consumer can afford them is to lease. That means that there is a glut of used vehicles that are 2 or 3 years old constantly coming to the used market. Car dealerships wind up giving used car buyers better and better deals on them just to get them off their lots and it's going to get worse, not better.

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