Friday, February 08, 2008

The things you learn from Eddie Lampert

I didn't know the Sears chairman also has a large stake in AutoNation. (Question: Why does every place this guy owns eventually become a dilapidated, Godforsaken eyesore?)

And I didn't know this: "Although new cars outsell used ones about three-to-one at the car lots, the profit margins on used vehicles are about 18 times higher than new ones, according to industry data."

18 times? 18? Maybe Lampert is "an undisputed genius." I'm sticking to new cars. Where the margins are more reasonable.

1 comment:

Make the logo bigger said...

Plus, for some reason you can just trust a new car dealer more. I think?