Top U.S. Dealer Warns Automakers Are Missing Resupply Deadlines
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AutoNation Inc., the largest U.S. car retailer, is warning new-vehicle inventories remain thin as automakers miss resupply deadlines, which may mean fewer choices and higher prices for buyers.
Chairman and Chief Executive Officer Mike Jackson told analysts on an earnings call Wednesday that he expects shortages will last at least through the end of the year.