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What’s the Silver Lining in this New Car Sales Slump We’re In?
A Blog Post from Dan Beres
According to an
article in Automotive News, dealerships are in a new car sales slump
and have to increasingly rely on used car sales and service revenue
to drive profits. Industry experts recognize that used cars are
typically more profitable to a dealership than new. Competing
predominantly on price, dealerships moving new vehicles frequently
end up with low front-end margins. However, when it comes used
vehicle buying or trading, there is more opportunity to make a
profit. But, due to increased demand for used vehicles...read the full
blog article here
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