3 ms·
That’s 10% of the average pre-pandemic yearly pre-tax profit of a dealership if WardsAuto is to be believed. So very much doable but not insignificant.
by WastingMyTime89 4y ago
That’s 10% of the average pre-pandemic yearly pre-tax profit of a dealership if WardsAuto is to be believed. So very much doable but not insignificant.
- ceejayoz 4y agoFor a once in a generation shift in technology? There are probably individual pieces of equipment in the service department that cost more than that.
- myself248 4y agoI doubt that very much. Fanciest machine in a stealership is probably the wheel alignment machine, and a top-of-the-line Hunter will set you back about $35k. The typical two-post lift that's in every bay is like $3000. The various dealer service tools (several-generation-old toughbooks with a 500% markup) are also in that ballpark. Then you've got various flush and fill machines, refrigerant recovery and vacuum, etc, in the $1-2k range each. And then there's a whole menagerie of special little jigs and thingamabobs that're probably each in the $20-200 range, but which save a lot of scraped knuckles and swearing and such. If you head to a performance tuning shop, you might find a 4-wheel chassis dyno worth about $50k or maybe more, but dealerships don't have those.
- smugma 4y agoOr, 1-2% a year if you spread it over the next 8 years to get ready by 2030.
- jlarocco 4y agoExactly. This is a perfect use case for a bank loan.