4 ms·
a car dealership doesn't make money selling cars, but makes it selling financing. This also scales to the production level. Prior to the recent troubles, GMAC,
by theorique 14y ago
a car dealership doesn't make money selling cars, but makes it selling financing.
This also scales to the production level. Prior to the recent troubles, GMAC, the financing arm, was larger and more profitable than GM, the auto maker.