Car dealers had quite the rollercoaster years during the pandemic. After a slow start, mostly because dealers had to close down showrooms due to lockdowns and stay-at-home orders, the sector picked up steam, and earnings and sales soared.
“Instead of imploding in the pandemic, profits for carmakers and dealers alike exploded and kept soaring,” says the New York Times. “While some brands reported lower sales, transaction prices rose sharply to make up for lost volume,…
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