Used car sales exploded 13.5% Y/Y last month, the best July since 2005, and the run may not be...

|By:, SA News Editor

Used car sales exploded 13.5% Y/Y last month, the best July since 2005, and the run may not be finished, FusionIQ writes, favoring Penske (PAG -3.3%), Asbury (ABG +0.2%) and Group 1 (GPI -2.2%) in the sector. All three may need to consolidate or pull back a bit to work off short-term oversold conditions, but Fusion doesn't expect shares to pull back much.