Business

Car Dealerships Shift Focus to Service Profits

Updated 2026-08-19 11:10 UTC 1 source Neutral

Car dealerships are increasingly relying on parts and service for profits as gross margins from vehicle sales have declined since the supply-constrained days of 2022.

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CNBC
Dealership gross profits have fallen from the supply-constrained days of 2022. They are relying more heavily on the income streams that hedge against downturns.
2026-08-19 11:00 UTC
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