cmhcat
Special Teams
Posts: 777
Joined: Dec 2005
Reputation: 21
I Root For: Cincinnati
Location: Hollenbeck
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RE: Cincinnati Athletics Launches IMPACT to Prepare Athletes for NIL Changes
(06-15-2021 08:08 PM)BearcatMan Wrote: (06-15-2021 05:55 PM)Baleen Wrote: (06-15-2021 04:10 PM)Captain Bearcat Wrote: Wow. I never would have guessed that a car dealer would have a billion dollars in sales.
Since I like to be the facts guy, here's some interesting backup...
https://www.autonews.com/assets/PDF/CA114804323.pdf
Now to be fair, revenues are artificially inflated at dealerships because they're claiming the retail sale price as revenue. Obviously their costs are astronomical, so profits are a tiny fraction of what their topline is (usually about 1-2%).
Yeah, my dad has a very close friend who runs a car dealership up around here. He said you basically have to expect only $1 of profit out of every $100-$120 of car price you sell when all expenses are paid. You make WAYYY more money on the Service side of things.
There are many ways car dealerships make money...they are very profitable.
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06-19-2021 01:10 PM |
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