10 Auto Dealership Blind Spots Causing Profit Leaks
Learn how to outperform the industry average 2.2% profit margin by proactively identifying and rectifying 10 crucial operational blind spots in auto dealership management.
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In the competitive landscape of auto dealership operations, every dollar counts. Balancing a thin margin between operating costs and profits, dealerships need to keep a close eye on their expenditures. However, an alarming trend seems to be undermining dealership profitability – the insidious problem of money wastage.
According to a report from the National Automobile Dealers Association (NADA), the average auto dealership’s net profit margin was just 2.2% in 2019. Despite impressive gross profits, the net result paints a rather grim picture.
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