Dealership GMs Need Fewer Worries; Start Here: Recon and Appraisal Integrity
AutoSuccess
MARCH 28, 2024
A 2022 Bureau of Labor Statistics report reminds us that from the 2007 to 2009 recession — and through the onset of the pandemic in 2019 — “car and truck dealerships faced an economic shock and compressed profit margins on new vehicles.” A 10-day reconditioning average equals a $500 holding cost against sale margin.
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