U.S. vehicle sales may have taken a dive in 2020 but dealerships had their most profitable year ever, according to Car and Driver. “They put the squeeze on us. Shuttered factories drastically reduced supply, but demand stayed strong. That led to a rush on dealers for in-demand models, with a line of customers ready to pay. Dealers could charge what they wanted.” The pandemic allowed dealers to sell more expensive vehicles to consumers who were less impacted by the crisis. (Source: Car and Driver) Read the original story…
