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GAC] also understand the difficulties of trying to launch a brand with just one model, when it’s not really sufficient to sustain a dealership network.” I think it does help with a lot of dealers, currently on the traditional model whereby their floorplan and inventory costs have now gone through the roof,” said Mr Lau.
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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