Dealer group roundup: Latest moves at Asbury, Holman & Lithia autoremarketing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoremarketing.com Daily Mail and Mail on Sunday newspapers.
Many sellers are basing their asking prices on inflated “COVID numbers,” complains David Hult, president and CEO of Asbury Automotive Group of Duluth, GA.
It’s a great time to be a dealer, Teslas cost more because materials cost more, and Joe Biden. All that and more in The Morning Shift for June 1, 2021.
Major Retailers Say Fixed Ops Mostly Flat in First Quarter Lithia Motors in March “saw double-digit increases in service, body and parts, driven by a 32% increase in our highest-margin, customer-pay work,” chief operating officer Chris Holzshu says.
The recovery in dealership fixed operations picked up some momentum in March, but looking at the first quarter overall, fixed ops continues to lag other dealership profit centers in rebounding from the COVID-19 pandemic, according to earnings reports.
“We saw signs of growth in parts and service over this past quarter, as drivers are returning to the road,” says David Hult, president and CEO of Asbury Automotive Group.
Auto Sales Should Double In April, Compared With A Low Point Last Year forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.