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Dealership Profits Decline
While new and used retail sales stagnated, dealerships have been particularly supported by 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 been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.
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Dealership profits have peaked due to rising interest rates, inflation, and low consumer confidence, but they are still 2.4x higher than before the Pandemic.
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Fully virtual and digital warranty and service-contract provider supports auto and consumer warranty industries.
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Rankings based on latest Kelley Blue Book reports.
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The fourth quarter typically accounts for the majority of the yearly depreciation, but this year the declines started in Q3 and are continuing to trend higher than typical for this time of year.
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Stellantis is negotiating a third electric vehicle battery plant to come online in 2026, reports Stellantis CEO Mark Stewart.
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Building more parts in-house rather than purchasing them from other suppliers makes financial sense and retains jobs, said CEO Jim Farley.
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Consumer Reports survey finds Japanese, Korean vehicle brands among most reliable.
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