AutoNation's quarterly profit tumbles on cooling used-vehicle demand
Vehicles for sale are pictured on the lot at AutoNation Toyota dealership in Cerritos, California December 9, 2015. REUTERS/Mario Anzuoni April 20 ...
Vehicles for sale are pictured on the lot at AutoNation Toyota dealership in Cerritos, California December 9, 2015. REUTERS/Mario Anzuoni April 20 (Reuters) - Auto retailer AutoNation Inc (AN.N) on Thursday reported a 20% fall in first-quarter profit as higher new vehicle and after-sales revenue was offset by weakness in used vehicle and customer financial services businesses. The results come amid affordability concerns from higher fuel prices and interest rates. Availability of new vehicles at retailers is improving but overall the industry remains supply constrained, according to a J.