Rally Cars: Dealership Stocks Rise as Firms Pivot from New Vehicles

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Rally Cars: Dealership Stocks Rise as Firms Pivot from New Vehicles
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The U.S. car market could be facing a downturn. But you wouldn’t know it from the rally in stock prices for publicly traded dealership groups.

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With showroom sales slowing, dealerships are pivoting to more reliable income generators, such as profits produced by their used-car operations and service departments, to offset declining margins in the new-car business, say analysts and dealers.

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US car makers are creating their own downward spiral. GM is completely lost, Ford is making a huge mistake with their sedan division and Chrysler isn’t American.

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