Presidio: Dealerships Profitability Nearing New Normal

By: James Hickey, Managing Editor, DigitalDealer.com

The decline in profitability for the typical U.S. dealership appears to be leveling off, according to the recently released Presidio-NCM Average Dealership Performance Benchmark report.

Through September, net pretax profit for the average franchised store dropped 30.4 percent compared with the same period in 2023— a minor improvement from the 33.4 percent decline recorded for the first six months of this year.

Through the first nine months of 2024, the average dealership retailed 647 new vehicles, up 1.6 percent. It retailed 551 used vehicles during the same period, down 0.2 percent for a total retail volume of 1,198 vehicles. Total revenue per store was $61.6 million, down 2 percent. Read More >>

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