NADA Reports Increased Dealer Profits

Profits up

NADA Front Page - June 21, 2011

While 760 stores closed up shop last year, deal­ers were 40 per­cent more prof­itable than they were in 2009 and have begun this year with sim­i­lar progress, accord­ing to the Nation­al Auto­mo­bile Deal­ers Association’s recent reports regard­ing the health of fran­chised deal­ers. Last year deal­ers faced a dif­fi­cult econ­o­my recov­ery and brand dis­con­tin­u­a­tion, but they still record­ed pre-tax net prof­itabil­i­ty of 2.1 per­cent, com­pared to 1.5 per­cent the pri­or year.