Car dealerships selling more cars per store than ever before
Bloomberg reports that annual sales per dealer will jump to 805 vehicles according to Urban Science. That would be a new record, as despite this year's total sales number being some four million units shy of 2007 levels, there are far fewer car dealers in operation today.
The previous record was set in 2005, when the figure was 784 vehicles sold per dealer, according to the report. Both Chrysler and General Motors shed hundreds of franchises during their bankruptcies, but dealership ranks shrunk independent of that fact. Urban Science says the number of car dealers usually shrinks by about 2 percent each year, according to the report.
- Great used cars for less than $10,000
- Owners say these cars aren't very good deals
- New Car Buying Guides
- Cheapest new automobiles in America
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models