The one area of our performance which is below our targets relates to vehicle sales margins. Both new and used vehicle retail margins are lower than we would like to see. New vehicle margins were 5.7% for the quarter, equivalent with second quarter levels, but down 100 basis points from last year 's strong third quarter results.Biggest factors currently affecting these margin levels are the overall competitiveness of the market and extremely low vehicle margins for several volume brands.
Group 1 Automotive CEO Discusses Q3 2010 Results - Earnings Call Transcript
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