Guest opinion: is automotive retail ready for Amazon?

AM Online

What’s big, clever and able to knock the share price of an entire sector overnight? That’s right, Amazon. When Amazon acquired Whole Foods recently it sent the share price of rival US grocers down by between five and 9% in a day, with Korger’s shares suffering the biggest drop at 9.2%. That’s how seriously investors take a move by the world’s third biggest retailer into a new sector. That’s how seriously investors take a move by the world’s third biggest retailer into a new sector.