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The same btw is true of most things, including cars. Which is why car dealerships are so incredibly profitable."
Not exactly. I retired from GM and the dealer cost was typically 15-18% under MSRP. Dealers would get a 3% bonus when a car sold, which was all the profit they got if they sold you a car at "dealer cost". Dealers made more profit per unit on used cars, which they would buy at auction nearly every day.
Not exactly. I retired from GM and the dealer cost was typically 15-18% under MSRP. Dealers would get a 3% bonus when a car sold, which was all the profit they got if they sold you a car at "dealer cost". Dealers made more profit per unit on used cars, which they would buy at auction nearly every day.