Used-car dealership group Off Lease Only files for bankruptcy

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Off Lease Only, a used vehicle-only dealership group with operations in Florida and Texas, filed Thursday for Chapter 11 bankruptcy protection.

In a news release, the company said “significant challenges and competitive pressures resulting from unprecedented changes” to the automotive retail landscape during the last few years necessitated a wind-down of its operations.

Before the filing, Off Lease Only listed five dealership locations in Florida and one sister dealership,…

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