Today, the sixth time record quarter was announced by AutoNation. As it can be analyzed, during the quarter, the high demand from the customers was outpacing the supply because people wanted to get their own transport and some issues with the supply chain which is alder lasting for a long time. Currently, the new vehicle inventory is on the lowest level and when it is combined with the high execution is totaling in the record income.
Since personal transport is in high demand, many of the clients are buying pre-owned cars. With this situation, the company is benefiting a lot from the great revenue of the pre-owned car store, which has surged more than 53% compared to the last year. CEO of the company, Mike Jackson said that there is a shortage of the production of the new cars because of the low volume of inventors. They hope that in the future they will have the same demand.