Survey results discovered by Ally Financial and KeyBanc Capital Markets through the recent National Automobile Dealers Association Convention & Expo reiterated how important the used-vehicle department is to franchised dealers.
In its survey, Ally discovered that 47 percent of responding dealers said the used-vehicle department will be the most profitable within the dealership this year.
At the same time, KeyBanc’s survey results indicated that 72 percent of dealer respondents said a year-over-year increase in used-vehicle sales was ahead this year.
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