How to grow today’s digital age
U.S. auto sales are on a tear. Earning reports out of Detroit have been a stunning counterpoint to the recent gloomy economic news. For one segment of the auto sector, however, the news hasn’t been so rosy. Despite the ongoing recovery and volume growth of the North American automotive sector, the profitability of dealers has been stagnating over the past three years. (As a percentage of total sales, the 2.2% figure represents sales in the new- and used-vehicle departments and the service and parts departments.
