Positive economic indicators are signs that consumer confidence is up and businesses are poised for higher consumer spending. Right now, interest rates are low. On a national average, gas is still around $2.35/gallon. 209,000 jobs were added in July and consumer spending is up from this time last year. So why the plateau in new car sales? Here’s what AutoNation CEO Mike Jackson had to say regarding used car sales.
Watch the full interview with Mike Jackson from CNBC: https://www.cnbc.com/video/2017/08/02/autonation-ceo-auto-sales-slump-caused-by-shift-in-car-buyers-from-new-to-nearly-new-vehicles.html?play=1