By on October 21, 2021

With automobile prices ballooning to egregiously high levels, one might assume that the industry would be in rough shape. But they’d be dead wrong. Supply chain disruptions have actually created a captive market where consumers are desperate to lay their hands on whatever products are available. In the automotive realm, this has allowed retailers to set ludicrous prices and rake in larger profits per transaction. While inflation may eventually catch up to these entities, the gravy train is currently parked at the station and dousing big business with its warm, brown effluence.

Nobody knows this better than the folks at AutoNation. Because the company just released a quarterly profit report that blew its rosiest projections out of the water. Net income its ongoing operations was $361.7 million for Q3 2021, double the $182.6 million witnessed in Q3 of 2020, while revenue rose 18 percent to $6.4 billion.  (Read More…)

Recent Comments

  • AK: Bring on the ST version please.
  • Daniel J: It doesn’t matter if we make chips if most PCB manufacturing and card assembly is done overseas....
  • numike: Missing the most basic features of a modern car??
  • THX1136: As a kid I liked the look of the B58 and was completely unaware of the issues the delta wing had. My still...
  • Jeff S: The 55 thru 57 GM cars are more desirable collector cars than the 58s and 59s. The styling on the 55 thru 57...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber