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Profit margins on new durable goods are dropping, often approaching dealer cost. So greater reliance on service profit is existential. This has been an ongoin
by chriselles 7y ago
Profit 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?