INTERVIEW-Group 1 CEO says new car inventory has hit bottom

Newswire

* Group 1 CEO says new car inventory has hit bottom * Dealership chain ordering to fill "holes" in stock * No sign of bounce for GM, Chrysler after bankruptcy DETROIT, July 28 (Reuters) - Group 1 Automotive , the No. 4 U.S. dealership, has lowered its new vehicle inventory to the limit and has begun ordering models in short supply such as the Nissan Murano and Jeep Wrangler, the company's CEO said on Tuesday. Group 1 Chief Executive Earl Hesterberg said while the U.S. auto market ...

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