Reply To: Simple Pleasures…

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March 10, 2021 at 12:48 am #141812 Quote
davescharfdavescharf
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D2D wrote:


davescharf wrote:


Financing is 4.8% of revenue but 29% of gross profit for an average dealership

New car sales are 52.3% of revenue and 14.3% of gross profit

Source: Fightingchance.com


I would think a dealer’s Service Dept would account for a healthy percentage.

About 17% of revenue and 47% of profit