AutoNation Inc. said that's because inventories are far too large, the Wall Street Journal reported Friday.
"Either there will have to be a big sales (promotion) or more production cuts, but that's up to the manufacturers," Mike Jackson, AutoNation's chairman and chief executive officer, said in an interview.
Data firm Autodata Corp., which bases its calculations on data from the manufacturers, says General Motors Corp. has enough cars on hand to last 76 days, Ford Motor Co. 75 and Chrysler Group 105. By contrast, Toyota Motor Corp. has only 29 days of inventory.
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