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Car Dealer Profits

Posted by Samuel A. Kiburz on Mar 14, 2022 12:00:00 AM

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chart discusses rise in car dealer profits

I am reminded of this chart every time I drive by a car lot. Before the pandemic, financing and insurance profits made up 70% of the dealer’s profits. Now, due to price appreciation of their inventory, that percentage has changed. However, the dollar profits from financing and insurance continue to increase. Car dealers have become more like finance and insurance companies.

Topics: Chart of the Day, Managing your Wealth