The auto industry might be in danger, but AutoNation, Inc. could still be a buy
According to Bloomberg, Ford Motor Co. and Fiat Chrysler Automobiles NV’s U.S. light vehicle sales fell more than analysts estimated in July as the US auto market slump continued into its fifth month. After a bumper 2016, and after nearly six years of growth, the auto market now looks to be stalling with analysts predicting total annualized light vehicle sales of 17 million in July, down from 17.9 million a year earlier.
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It seems...
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