The U.S. auto industry is expected to suffer a massive decline in total dealership gross profits this year, but it is still expected to finish with the third-best profit level in history as the industry rebalances itself, says Thomas King, president of data and analytics for J.D. Power.
Speaking Thursday at the J.D. Power Auto Summit in Dallas, King said the U.S. retail industry generated a record $55 billion in collective dealership gross and F&I profits in 2022 as low…
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