David Hult on Car Market Trends and Valuation Expectations | David Hult, CEO, Asbury Automotive Group. 00:10:00
David Hult, CEO of Asbury Automotive Group, shares his insights on the current landscape of both new and used car markets. He discusses the recent decline in car valuations, emphasizing that while prices have dropped, they are unlikely to return to 2019 levels due to ongoing supply constraints. Hult provides expectations for automotive valuations in the upcoming year, highlighting the factors influencing trade-in valuations and the broader implications for consumers and dealers alike.
