(RICHMOND HILL, ON) – With all-time record new vehicle sales, it shouldn’t surprise anyone that 2017 was also a record year for new vehicle dealer financial performance. DesRosiers tracks a number of important metrics which monitor the performance of dealers and, for the most part, all of them were in record territory.
Revenue related to new vehicle sales increased 9.7 per cent in 2017 and is more than $30 billion dollars higher than it was in the beginning of the decade.
In this first of a multi part Observations, we inspect the performance of the auto sector as a whole, tracking new vehicle sales, used vehicle sales, financing of vehicles, and maintenance of vehicles.
The implications of these factors for the new vehicle dealer is explored and key dealer performance metrics examined.