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As Americans Flock To Used Cars, Small Cap Value Stocks See Rise


As Americans Flock To Used Cars, Small Cap Value Stocks See Rise
July 26, 2021
While many people stayed home throughout the course of the pandemic, more and more drivers are returning to the roads, leading to a surge in used car sales and a benefit to some small-cap value stocks, reports The Wall Street Journal.
Americans currently are car-shopping in near-record numbers, which, along with the computer-chip shortage, has driven the prices of used cars sky-high. Used car prices were up 34% in June over the same time last year.
Dealerships are reaping the rewards of increased demand, as seen with dealership giant AutoNation (AN). ....

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