Retail Automotive MELTDOWN has begun
I received a message from a Reader/Listener who is in the Automotive Retail industry. His information is shocking!
What I received, verbatim:
The sales side (or variable
operations) in the Retail Automotive sector is car-shing. Service (fixed
ops) isn't fairing much better. I'm very glad I sold my store a few yrs
ago.
I consult for several OEMs, and they are beginning to panic. At several, ROS, or Return on Sales (a closely watched metric) is down by 70% (+,-),
over the last 45 days. They thought it was a blip at first, when ROS
was down 25% and it just kept going. I will not name specific OEMs and
risk violating my NDA.
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