You all know my thesis. 

Jerry: “In the United States there are too many vehicles and too many dealers.  So the dealer community will need to rationalize.  And automakers should look abroad (outside the U.S.) for growth.” 

Dealer community: “We know Jerry.  We all want to go to heaven, but no one wants to die first.” 

Jerry: “At some point, economics will force said rationalization.”

As I have been saying, this summer could very well prove the turning point (where economics finally force dealer closure/consolidation.)  I still don’t know how to read the public dealer results (as they were very mixed.) 

But I ...

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