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“There were signs of a recovery [in the sector] before September. These are planned purchases, and we're seeing a release in pent up demand, especially among baby boomers.”
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“Not only do lower rates make it easier to finance these purchases, but they allow dealers to get more inventory onto their lots.”
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“These stocks historically have price-to-earnings ratios in the high teens to low 20s, an I expect they'll return to that level.”
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