Dealer Profits Up

One benefit of the record number (nearly 3,000) of dealerships forced to close their doors in recent years is that profits at those dealerships that survived are the highest they’ve been since 1986, according to this article (subscription required) from Automotive News.

The same article also notes that service sales now account for 59.6 percent of revenue, up from 51.9 percent in 2007.

(This post written while listening to “I Walk Alone” by the great Marty Robbins.)

About National Oil & Lube News

National Oil & Lube News is the fast oil change industry's oldest and largest trade publication. Started in 1986 by Steve Hurt (a former fast lube owner) and David Arrington, NOLN has grown and evolved right alongside the fast lube industry. Here at NOLN, our aim is to help fast lube operators with every facet of their business, from operations to technical issues. Our monthly magazine and this regularly updated website contain everything from technical tips, recall announcements and service guides to articles on handling customer complaints, building your brand and making your business the best it can be. With tips and advice from experts both inside and outside the industry, you're sure to learn something that can help your fast lube business grow and prosper.
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