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Autotrader shares

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Interesting to see Autotrader Shares being rated as a “sell” in the press this week.

Rationale was that dealers had been squeezed as far as they could be and that they were now highly vulnerable to the downturn in the car market. Hard to argue with that. I wonder if their prices might soften to draw dealers back? Though I doubt it as they will now be trying to maintain turnover. Sometimes you need to consider what’s maintainable over the long term. 

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