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Some dealers are branching into other business areas to spread out their risk and reap new rewards S ome auto dealers are transforming into retailers who also happen to sell vehicles. There are also some dealerships that have developed businesses that are not directly related to auto retailing. Wizard Lake Marine was profitable.
The strength of the buy/sell market in 2024 was largely driven by growing industry confidence in the future of auto retail sales and profitability. The report also reveals that franchise diversification was critical to a dealership groups success in 2024 as the auto retail market bifurcated into have and have not franchises.
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