Automobile Dealers Are Making More $$$$$

10/18/96

Average new car dealer profits for the first seven months of 1996 were up 25% over the similar period for 1995. The average dealer earned $263,160 in pre-tax profit, compared to $210,000 last year. This is due to a 10% increase in new and used car sales, and better expense control. Productivity of employees rose 5%, and, according to the National Automobile Dealers Association Regional Dealership Financial Report, dealers have been cautious about hiring additional staff.

Bill Maloney -- The Auto Channel