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Dealers have razor thin margins, like 1-2%. They make it up in...creative ways.
by rozap 4y ago
Dealers have razor thin margins, like 1-2%. They make it up in...creative ways.
- smugma 4y agoAverage dealership makes ~$2M/yr. Their margins are very high. I think you're referring to their margins on the sale of automobiles. Those are like the Big Mac. Their service departments are equivalent to the much higher margin soda.
- deleted 4y ago[deleted]
- mattbrewsbytes 4y agoThere’s nothing creative or secret about it, they make the most of their money in the Service department. All the doc fees or loan kickbacks, etc. are the same if its EV or ICE. I think hesitancy by dealerships is in the long term EV’s require much less maintenance and that means their service and profits will be much less.