An overview of impressive dealership growth stats, this review of net earnings of 2012 establishes the trends to expect for 2013 via queues taken from several major dealerships. Forget tax season and take on the new fiscal year following the examples set by dealers and managers below in the latest report on competitive goal-setting from F&I and Showroom:
Major dealer groups reported significant growth in the fourth quarter and on a full-year basis for 2012. Based on their reports, the dealer groups are aggressively moving into 2013 with the goal of topping last year’s record-breaking numbers.
Group1 Automotive, for one, reported a record year for revenues in 2012, with a net income of $24 million for the quarter and diluted earnings per share (EPS) of $0.99 for the period. The automotive retailer’s annual net income increased 25.8 percent to a record $108.2 million.