Add-on services drive car dealers' profits [MSN Money]
AutoNation, Inc. (AN)
Last autonation, inc. earnings: 2/11 06:45 am
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Source: MSN Money
Add-On Services Drive Car Dealers' Profits © F. Carter Smith/Bloomberg As dealers’ profit margins on new-car sal shrink, they are relying more on selling extded warranti, paint-protection plans and other add-on servic pushed by salpeople in the finance office. Dealers also earn a markup for arranging car loans, a piece of the busins that is becoming a more reliable income gerator as salpeople find it more difficult to upsell buyers on a car’s price. Most shoppers today do rearch online and walk into a dealership firm on a price, auto retailers say. Load Error “Where dealers really keep their head up is boosting intert rat from the bank and throwing in products like extded warranti,” said Earl Stewart, owner of Earl Stewart Toyota in North Palm Beach, Fla. Dealerships made an average of $908 per new vehicle last year on their finance and insurance busins, far more than the $0 they earned off the actual vehicle sale, according to rearch firm J.D. Power. More car buyers also are plunkin
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News
- Here's What Black Bear Value Partners Think About AutoNation (AN) [Yahoo! Finance]Yahoo! Finance
- AutoNation, Inc. (NYSE: AN) had its price target lowered by analysts at Bank of America Co. from $220.00 to $215.00. They now have a "buy" rating on the stock.MarketBeat
- AutoNation Announces First Quarter 2024 Earnings Conference Call and Audio Webcast Scheduled for Friday, April 26, 2024PR Newswire
- AutoNation's (NYSE:AN) five-year total shareholder returns outpace the underlying earnings growth [Yahoo! Finance]Yahoo! Finance
- 10 Fastest Growing Cities in Florida [Yahoo! Finance]Yahoo! Finance
AN
Earnings
- 2/13/24 - Beat
AN
Sec Filings
- 3/22/24 - Form SC
- 3/22/24 - Form 4
- 3/21/24 - Form 144
- AN's page on the SEC website