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I'm pretty sure licensed dealerships barely break even on new car sales. They make their money on maintenance and used car sales.
by zerohm 13y ago
I'm pretty sure licensed dealerships barely break even on new car sales. They make their money on maintenance and used car sales.
- fduran 13y agoFrom what I remember from a few years ago (quotation needed or the loan part may have changed), they make a few hundred dollars on new cars, bigger margins on second hand cars and about 40-50% of their income from car loans.