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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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Groups acquire various brands, and one also buys a commercial truck business.
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Cites geopolitical, local-competition issues.
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Adds vehicles up to 10 years old and with as many as 100K miles.
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The third quarter of 2022 closed with a new light-vehicle sales totaling a quarterly average SAAR of 13.3 million units, down slightly from a SAAR of 13.4 million units during the second quarter of the year.
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He’s accused of lying to investors about electric truck maker’s progress and capabilities.
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The aim is to increase production in what’s currently a largely manual process.
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Adjacent property is sold to facilitate the transaction.
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The partnership will allow Mercedes-Benz to connect passenger car plants to the Microsoft Cloud to make vehicle production more efficient, resilient and sustainable.
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Certified pre-owned sales fell over 11% year-over-year in September and are off 5% since August, finds a Cox Automotive analysis of Motor Intelligence data.
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