Dealership profits rise during semiconductor shortage

Dealership earnings jumped to record highs during the semiconductor shortage, with profits up 65% on new cars and 35% on used cars, according to Carscoops. “Data from the (NADA) reveals that the average U.S. car dealership recorded a net pretax profit of $3 million through September, more than double the $1.3 million reported in the first nine months of 2020,” said the media outlet. That profit is “significantly above” the $2.1 million average in net pretax profit for 2020.(Source: Carscoops) Read the original story…

Related Articles
Share via
Copy link