Car dealerships
Coverage of Car dealerships in the Nexus archive.
- Car dealerships are relying more on parts and service for profits
Dealership gross profits have decreased compared to the levels experienced during the supply-constrained days of 2022. Due to this decline in profit, car dealerships are increasingly relying on parts and service revenue streams. This greater dependence on services helps them hedge against economic downturns.
- Looking to buy a new car? The Fourth of July holiday may be the time, auto experts say
Auto experts recommend buying a new car around the Fourth of July holiday, citing discounts of 4% to 12% off sticker prices. Dealerships use this period as a midyear sales event to meet quotas and clear outgoing inventory. A sales manager notes that employee pricing is currently available for all sales, and experts advise being willing to walk away as a key negotiation tactic.
- Family investors turn to old-economy businesses like dealerships and fisheries to avoid AI disruption
Family investors are turning to traditional businesses like car dealerships and fisheries to avoid disruption from AI. These old-economy businesses offer stability and cash flow, making them attractive to family offices. They provide a sense of security in an uncertain market.