Servicing carries fatter margins than new car sales, cushioning falling dealer profits. Dealership service profits climbed sharply even as pandemic-era sales margins faded. Repair chains are grabbing customers just as dealers increasingly need their business. Selling you a new car might be the glamorous part of the dealership business, but fixing it can be far more profitable. In fact, one industry expert says dealers need only $1 in additional service revenue to offset $10 they lose from new-car sales. Suddenly those workshop reminders you keep getting make a lot of sense. var adpushup = window.adpushup = window.adpushup || {que:[]}; adpushup.que.push(function() { if (adpushup.config.platform !== “DESKTOP”){ adpushup.triggerAd(“0f7e3106-c4d6-4db4-8135-c508879a76f8”); } else { adpushup.triggerAd(“82503191-e1d1-435a-874f-9c78a2a54a2f”);…
Dealers Only Need $1 Of Service To Erase $10 Of Lost Car Sales
