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I expected a bit more than 50%. Anyway, my argument isn't about trade-in sales, its about typical profits of dealerships. They absolutely do not make "only $200
by drzaiusapelord 11y ago
I expected a bit more than 50%. Anyway, my argument isn't about trade-in sales, its about typical profits of dealerships. They absolutely do not make "only $200" per car. When you factor all the things they typically do, they can and easily do thousands per car sale.
- nemo44x 11y agoThey make their money on a few things outside the profit from the can, which is in fact very low. They make a killing on your trade-in. They make a killing on extended warranties on used cars. They make a killing on maintenance and oil changes and the packages they sell around these things. So although in general they make more than $200 or whatever on the new car sale, they make their real money on everything else around it.