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AutoNation’s Mike Jackson talks about the shift to used cars

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

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CBT News
CBT News
For over 10 years, CBT News has been informing and helping automotive retail professionals grow their businesses and thrive in their careers through an awarding-winning, on-demand streaming platform. With exclusive interviews featuring the biggest names in the industry, daily newscasts, up-to-date market data, and exclusive articles covering the latest trends, CBT News is your #1 source for auto industry news and content.

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