Dealerships Diversify in a Shift Away from Sky High Car Sales The era of pandemic era profit margins is coming to an end. With car sales falling back down to earth, dealerships are looking for new ways to stay afloat.
For many, that means shifting focus from the car lot to the service bay. Dealerships have long relied on making big profits from new vehicle sales. But as those profits continue to decline – from $6.
8 million per public dealership in 2022 to around $3. 9 million last year, according to Kerrigan Advisers – they're having to adapt.