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Dealership Profits Decline
While new and used retail sales stagnated, dealerships have seen the most support from fixed operations and finance-and-insurance profits, according to a new report.
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ADT Magazine
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SEARCHMENUSEARCHWhile new and used retail sales stagnated, dealerships have seen the most support from fixed operations and finance-and-insurance profits, according to a new report.
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Sales of new automobiles plunged to under 14 million vehicles in 2022, the lowest since 2011, reports Kelley Blue Book.
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Dealer profits still high, though fewer units marked above MSRP.
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NADA says measure passed by Senate would give those using LIFO more time to replenish.
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Report shows used models in particular to fall as new-car inventory improves.
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Used-car retailer grapples with waning demand in face of economic challenges.
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State-of-the art facility to enhance Proton Dealership IT’s cyber threat monitoring and response services.
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Reynolds and Reynolds/Proton Dealership IT offer tools for compliance, security ahead of FTC Safeguards Rule deadline.
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Buick dealers must invest $300,000 to $400,000 to sell and distribute the OEM’s EV lineup.
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Data analysis puts South Korean brand’s volume above GM, other big players.
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