Chicago Auto Trade Association - Fast Facts from Woodward & Associates

Fast Facts from Woodward & Associates

Friday, August 02, 2024 9:00 AM | Anonymous member (Administrator)

Several June 2024 new vehicle dealership financial metrics/trends are below:

35% of new vehicle dealers made 3.0 % pre-tax net profits percentage of sales or better.
15% of new vehicle dealers lost money in June.
10% of new vehicle dealers are in a year-to-date loss.
Import dealers pre-tax net profit % of sales are above 3.0%. All other groups are below 3.0%.
New front-end gross profits are $1,805 and used front-end gross profits are $2,100.
40% of dealers did better in June than May and 60 % of dealers’ profits were down in June compared to May.

Information provided by CATA Allied Member Woodward & Associates. For more information contact Carl Woodward at (309) 830-4747 or carlswoodward@cpaauto.com.

Chicago Automobile Trade Association
18W200 Butterfield Rd.
Oakbrook Terrace, IL 60181
(630) 495-2282

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