Comment on Strikes against automakers spread to 38 locations in 20 states, Stellantis and GM are targeted
Mdotaut801@lemmy.world 9 months agoNo. The dealerships get kickbacks from the manufacturers and banks. They aren’t a loss lmao.
Comment on Strikes against automakers spread to 38 locations in 20 states, Stellantis and GM are targeted
Mdotaut801@lemmy.world 9 months agoNo. The dealerships get kickbacks from the manufacturers and banks. They aren’t a loss lmao.
WindyRebel@lemmy.world 9 months ago
They get kick backs, but they don’t sell that high over MSRP and many people are much more savvy about cost of new/features thanks to Edmunds, Cars dot com, KBB, and dealer incentives to move inventory.
If a dealership is making money on new, you’re not doing your work with car shopping. Most don’t make money from new.
I mean, unless you know something I don’t? My brother in law was in sales for Chevy for a few years so that’s where I get my info from.
daq@lemmy.sdf.org 9 months ago
There’s ~3% built into msrp for the dealer. Then there are kick backs from banks they are pushing you to finance through. Then there are extras that are basically 100% profit. Then there are dealer installed options. How much can they possibly be expected to make for providing parking space? Dealers are absolutely fucking useless outside of test drives. Every cent over msrp is basically theft.
Who takes a used car to dealer for service? Are you saying they make more money on used cars because they can price gouge more effectively?