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Auto dealer stocks rally despite Wall Street's 'demand destruction' theory

Por: CNBC Business October 28, 2022

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In this articleVehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California.Mario Tama Getty ImagesDETROIT – Shares of , and other automotive dealers rallied Thursday following strong third-quarter earnings and optimistic outlooks regarding consumer demand for new vehicles.The results and comments followed that the industry could soon shift from an inventory supply problem to a lack of demand, or... + full article



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