malakas
Seasoned Member
I vigorously beg to differ on margins being squeezed across the board. That is a big line of bull that dealers are feeding consumers right now. Don't take my word for it, look at the financial statements, earnings releases, and stock prices of the dealer conglomerates that have been giddy with the amounts they are making. Autonation, Penske, Sonic, all making much fatter margins than pre-pandemic. F&I income alone is averaging over $2000 per car at the big public dealer networks with overall margins close to 5k per new car. That's all cars folks, not just 100k Cadillacs. Cry me a river.Dealers’ margins are being squeezed across the board, obviously due to lower available inventories and inflation driven operating costs. This doesn’t mean they should lose composure and be unprofessional in customer negotiations, only thinking about the immediate potential sale and not repeat business. Sounds like this GM has the wrong perspective.