Only 2.2% in profits? But auto dealers say yippee

April 10, 2015 11:19 AM

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Most business owners would wonder why it's worth the effort for a 2.2% profit rate, but car dealers in general are thriving at that level.

The 2.2% pretax rate for dealerships last year included not only profit on new car sales, but used cars, service and parts, the National Automobile Dealers Association says.

Also read: India's Tata Consultancy third-quarter net up 10.9 percent, beats estimates

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