A warning on U.S. vehicle inventories

|By:, SA News Editor

AutoNation (AN) CEO Mike Jackson sours the euphoria at the Detroit Auto Show just a bit with his claim that the supply of new cars in the U.S. is increasing too fast.

By his estimation, U.S. dealers currently have $100B worth of unsold cars and trucks on their lots - repping 90 to 120 days of supply if fleet sales are backed out.

Jackson rates the odds of an all-out discount war in the automobile industry at 50%.

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Related stocks: F, GM, TM, NSANY, HMC, VLKAY.