NADA: New-Car Dealerships Employ Record Numbers in 2016
According to the trade group’s NADA Data 2016 report, dealership employees had one of the highest average salaries of any industry.
According to the trade group’s NADA Data 2016 report, dealership employees had one of the highest average salaries of any industry.
Vehicle sales were up for franchised dealers last year, as was profitability, according to the NADA’s annual state-of-the-industry report. Results also showed that F&I continued to make up for falling margins, which fell to a 10-year low.
The typical dealership generated $785,855 in pretax profit, according to the association’s annual performance report, which showed strong gains in F&I and service-contract dollars.
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