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> Dealer network profit is increasingly reliant and dependent on service income. Why increasingly?
by mac01021 7y ago
> Dealer network profit is increasingly reliant and dependent on service income.
Why increasingly?
- chriselles 7y agoProfit margins on new durable goods are dropping, often approaching dealer cost. So greater reliance on service profit is existential. This has been an ongoing shift for about 20 years.
- mac01021 7y agoBut why are profit margins on new durable goods dropping? More competition amongst dealers? Used cars lasting longer? Manufacturers price-gauging the dealers?