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SVTPerformance's Chain of Restaurants
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<blockquote data-quote="Weather Man" data-source="post: 16632581" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3706894-higher-prices-spark-the-auto-retailer-sector" target="_blank">Higher prices spark the auto retailer sector</a></p><ul> <li data-xf-list-type="ul">Cox Automotive says tight inventory of automobiles in the U.S. is not noticeably impacting sales, particularly on the used-vehicle side. "In fact, the monthly retail used-vehicle sales pace – apart from two dismal months in spring 2020 – has been remarkably consistent since early 2019. The only shift has been the big jump in average listing prices," notes the firm. The chart below from Cox Automotive indicates a strong pricing trend right through the end of May.[ATTACH=full]1708153[/ATTACH]</li> <li data-xf-list-type="ul">Auto industry inventory hit a record low near the end of May, down 43% from the 2020 level and off 54% from the 2019 level, in a trend that may take months to reverse.</li> <li data-xf-list-type="ul">Auto retailer stocks are seeing strong year-to-date returns, led by AutoNation (NYSE:<a href="https://seekingalpha.com/symbol/AN" target="_blank">AN</a>) +35%, America's Car-Mart (NASDAQ:<a href="https://seekingalpha.com/symbol/CRMT" target="_blank">CRMT</a>) +34%, Penske Auto Group (NYSE:<a href="https://seekingalpha.com/symbol/PAG" target="_blank">PAG</a>) +32%, CarMax (NYSE:<a href="https://seekingalpha.com/symbol/KMX" target="_blank">KMX</a>) +26%, Asbury Automotive Group (NYSE:<a href="https://seekingalpha.com/symbol/ABG" target="_blank">ABG</a>) +19% and Group 1 Automotive (NYSE:<a href="https://seekingalpha.com/symbol/GPI" target="_blank">GPI</a>) +18%.</li> <li data-xf-list-type="ul">What to watch: The huge electrification push by General Motors and other major automakers is <a href="https://seekingalpha.com/news/3706874-general-motors-ramps-up-ev-investments-as-profitability-for-this-year-surprises" target="_blank">expected to eventually also disrupt the used car market.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16632581, member: 137766"] [URL='https://seekingalpha.com/news/3706894-higher-prices-spark-the-auto-retailer-sector']Higher prices spark the auto retailer sector[/URL] [LIST] [*]Cox Automotive says tight inventory of automobiles in the U.S. is not noticeably impacting sales, particularly on the used-vehicle side. "In fact, the monthly retail used-vehicle sales pace – apart from two dismal months in spring 2020 – has been remarkably consistent since early 2019. The only shift has been the big jump in average listing prices," notes the firm. The chart below from Cox Automotive indicates a strong pricing trend right through the end of May.[ATTACH=full]1708153[/ATTACH] [*]Auto industry inventory hit a record low near the end of May, down 43% from the 2020 level and off 54% from the 2019 level, in a trend that may take months to reverse. [*]Auto retailer stocks are seeing strong year-to-date returns, led by AutoNation (NYSE:[URL='https://seekingalpha.com/symbol/AN']AN[/URL]) +35%, America's Car-Mart (NASDAQ:[URL='https://seekingalpha.com/symbol/CRMT']CRMT[/URL]) +34%, Penske Auto Group (NYSE:[URL='https://seekingalpha.com/symbol/PAG']PAG[/URL]) +32%, CarMax (NYSE:[URL='https://seekingalpha.com/symbol/KMX']KMX[/URL]) +26%, Asbury Automotive Group (NYSE:[URL='https://seekingalpha.com/symbol/ABG']ABG[/URL]) +19% and Group 1 Automotive (NYSE:[URL='https://seekingalpha.com/symbol/GPI']GPI[/URL]) +18%. [*]What to watch: The huge electrification push by General Motors and other major automakers is [URL='https://seekingalpha.com/news/3706874-general-motors-ramps-up-ev-investments-as-profitability-for-this-year-surprises']expected to eventually also disrupt the used car market.[/URL] [/LIST] [/QUOTE]
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