Risk Factors Update Summary
- Heightened inflationary pressures in the U.S., Canada, and the U.K. impacting labor and fuel costs.
- Interest rate increases impacting new and used vehicle sales and affordability.
- Predicted increase in new vehicle sales from 14 million to 15.7 million in 2024.
- Total reserve amounts associated with regional epidemics increased from $67 million to $77 million.
- Expansion into Canada and the U.K. subjecting the company to additional privacy and security regulations.
- Potential negative impact on revenues and operations due to changes in regulatory frameworks in the U.K.
- Implementation of agency model in the U.K. could reduce reported revenues and SG&A expenses.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1023128&owner=exclude
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