AutoNation expects used-car price drop as volumes recover

  • Used cars are displayed for sale at an auto dealership on Wednesday in Glendale, Calif. The Commerce Department released data today showing that retail sales saw a three percent jump in January, the biggest gain in almost two years. Sales increased 6.4%at automobile and other vehicle dealers. (Mario Tama/Getty Images/TNS)

AutoNation Inc., one of the biggest car dealership chains in the U.S., expects prices for new and used cars to decline this year as manufacturers crank up volumes and offer more incentives to price-sensitive buyers.