UnitedAuto Group management hosted the company’s first quarter conference call last week.  When they reported earnings I provided 7 key metrics.  But I want to give you a few more thoughts from the conference call.  Specifically how the company’s results break out at its franchises in the U.S. versus internationally. 

But before I can do that, I think it is important you understand the difference between a franchise (brand) and a store. 

A franchise is just a franchise right granted by vehicle manufacturers (like GM or Ford) for a retailer to sell a particular brand of vehicles.  Examples of vehicle brands include Lincoln (a Ford brand,) Jeep (a DaimlerChrysler bra ...

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