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Topic: CarGurus research

Margins under pressure from stock shortages and prep costs

Posted by Ashley Karr on April 30, 2019

The savage supply and demand issues at play in the used car market have increased pressure on margins, and we’ve talked before about just how hot the competition is for good quality second-hand vehicles.

It’s no surprise, then, the research we conducted as part of our One Voice report revealed 43.8% of used car retailers were seeing their margins decrease – significantly more than the 25% reporting an uptick – and there is a number of reasons for the squeeze.

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Topics: CarGurus research, industry news, trends