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without this shift, our wholesale units would have been down less than 10%.
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Transcript
2023 Q2
29 Sep 22
Wholesale unit sales were down 15.1% versus the second quarter last year, partially as a result of our deliberate decision to reallocate some older vehicles from wholesale to retail to meet consumer demand for lower-priced vehicles.
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2023 Q2
29 Sep 22
We reported second quarter retail gross profit per used unit of [22.82] [Ph], up $97 per unit versus the prior-year period
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2023 Q2
29 Sep 22
Wholesale gross profit per unit was $881, down from $1,005 a year ago, and reflected softening market conditions as well as their decision to retail a higher mix of older used vehicles.
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Transcript
2023 Q2
29 Sep 22
We began the second quarter with a low single-digit decline in comp sales, during the June, that reflected the continuation of softer, although improving sales, which we discussed on our last earnings call. Comps then fell sharply at the beginning of July, with August ending in mid-teen decline.
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2023 Q2
29 Sep 22