Amid lower new-vehicle sales during the coronavirus pandemic, the public dealership groups are shifting into overdrive, expanding their used-vehicle businesses and aiming to significantly grow used-vehicle sales and profits.
Auto retail giant AutoNation Inc. plans to add 20 or more used-vehicle-only AutoNation USA stores over three years. Sonic Automotive Inc. is adding to its standalone used EchoPark stores, with a goal of 140-plus outlets in five years.