Auto Industry In Turmoil: Car Dealers Crushed By Price Squeeze ...Middle East

Auto dealerships are encountering a major problem where auction (wholesale) prices are increasing while real book values stagnate, squeezing profitability.  To make sense of this, auto-guru CarDealershipGuy expanded on our tweet, pointing out that Manheim wholesale auto prices are re-accelerating while other indexes tracking prices were flat.  Here's what was revealed in the conversation as per the auto expert: Manheim is tracking auctions. Dealers ARE paying more for cars. A LOT more. But the issue dealers are running…

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