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How these companies are taking over the U.S. auto dealership industry

Six publicly traded dealership groups, including the two biggest ones, AutoNation and Lithia Motors, have been buying up a growing share of U.S. auto dealerships. With new car prices at all-time highs, parts in short supply and automobiles in high demand, these dealership groups have seen profits soar throughout the pandemic.
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Tue, Aug 2 202211:00 AM EDT