Dealer profits mostly increase during March. Did yours?
Dealer profits per new-car sale were better in March than in February. According to industry expert ALG, Inc., incentives rose to $2,773 for the average vehicle in March. This was the highest number seen since 2010, and this figure is a $71 increase from February.
Despite this large number, final February numbers also show the average auto transaction price increased by more than $350. According to Larry Dominique, President of ALG, this can only mean that dealers managed to hold onto more profits in March than they did in the previous month. Read More