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Stocks U / United Auto Group
|Subject: UAG Management Matters||Date: 1/16/1998 9:45 AM|
|Author: FarRockaway||Number: 7 of 26|
To: Mr: Dale Wettlaufer
The key phrase in your commentary in" Management Matters" re: United Auto Group is " without good background". I assume based upon the commentary's content you were referring to your lack of background?
FINANCING IS THE CORE OF BOTH THE WHOLESALE AND RETAIL AUTO BUSINESS.
You should also note that since the beginning of time, December has been a non-existent month for productivity and sales in the retail auto sector. You might consider this point in your future fourrth quarter analysis.
Perhaps, you'd have a better feel for the business if you actually visited a dealership and shopped a few cars. Bring your car in for service, order an accessory part through a parts department.
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