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| AutoNation
Quits Used Car Market |
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December 15, 1999 AutoNation is already America's largest new-car dealer, with dealerships in 19 states and annual sales of $20 billion. Used cars accounted for only $1 billion of that, analysts said. AutoNation, founded in 1996, pioneered the no-haggle pricing method that has become popular with many consumers. Its used-car strategy foundered when demand for used cars sagged because of the strong economy, the rising popularity of SUVs and other factors. Besides its "bricks-and-mortar" dealerships, AutoNation operates 270 World Wide Web sites through its AutoNationDirect.com.
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