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As we moved into July, there were signs of recovery in the retail vehicle market. Some households allocate up to 30% of their monthly budget to vehicle-related expenses, including payments, insurance, fuel, and maintenance. By clearing out excess stock through leases, dealerships can lower their floorplan expenses.
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.
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