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2015+ Shelby GT350 Mustang
Didn't see this one coming...
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<blockquote data-quote="ON D BIT" data-source="post: 15499964" data-attributes="member: 10422"><p>Wow for you to question his business without knowing him or his area or his books is bold. </p><p></p><p>Let put it this way a gentleman once stated that every year he ran his Scottsdale dealership they took a loss on new car sales every single year he owned the dealer.</p><p>The margins on new car sales are very low and once you factor in below msrp/invoice pricing, carrying costs, interest, advertising, sales, financing, dealer prep, utilities, land costs the margins are even lower. </p><p></p><p>Luckily new car sales is only one piece of the revenue stream for dealerships. And no 2 $20k adm sales do not make up the difference of selling 1k cars near invoice.</p></blockquote><p></p>
[QUOTE="ON D BIT, post: 15499964, member: 10422"] Wow for you to question his business without knowing him or his area or his books is bold. Let put it this way a gentleman once stated that every year he ran his Scottsdale dealership they took a loss on new car sales every single year he owned the dealer. The margins on new car sales are very low and once you factor in below msrp/invoice pricing, carrying costs, interest, advertising, sales, financing, dealer prep, utilities, land costs the margins are even lower. Luckily new car sales is only one piece of the revenue stream for dealerships. And no 2 $20k adm sales do not make up the difference of selling 1k cars near invoice. [/QUOTE]
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2015+ Shelby GT350 Mustang
Didn't see this one coming...
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