Go Back   DealershipForum.com > Dealer Talk > Automotive Discussions

Notices

Automotive Discussions Car People talking about the Car Business – This is the place where it happens

Reply
 
Thread Tools Display Modes
Old 03-27-2008, 08:59 AM   #1
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default Used Car Gross Average versus New Car?

It's no secret that the Gross Average on a Used Car is much better than the Gross Average on a New Car. The question is, how big is the difference?

A GM/Chrysler Dealer featured in a recent article in Fortune Magazine reported that is Used Car Gross Average is SEVEN times higher than his New Car performance. He further stated that the neighboring Toyota dealer had New Car Gross Averages that were four times higher his. (His New Car Gross Average must be $300 - $400 for the numbers to make sense.)

Is this the future of automotive retailing in the U.S.? How low can grosses on New Cars go before it just doesn't make financial sense to be in the business any longer?

Here's a link to the Fortune Magazine article: http://money.cnn.com/2008/03/25/news...ion=2008032610
XDCX is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Cool Smartphone Apps - Both Car Related and Non-Car Related XDCX General Discussions 4 10-17-2013 03:01 PM
Life after the car business steve_biegler General Discussions 3 01-31-2013 11:37 AM
A new used car operation dodgequality Automotive Discussions 1 09-24-2011 01:07 PM
And we think the car business is screwed up! steve_biegler General Discussions 2 12-04-2010 10:23 AM
Used Car Preps birch3x Sales 13 04-26-2010 12:55 PM


All times are GMT -7. The time now is 08:12 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright DealershipForum.com - 2008 - 2016