Are you kidding ? Average profit on a new car sale is about $1300.00 The profit comes from the trade in, which was taken away by the rebate.
So the dealer is out $3200.00 until the rebate comes. One local dealer is selling the better Clunker cars rather than waiting on the rebates.
The program was a total failure. The reduction in emmisions is less than 1%. We paid out 3 billion for very little.
Quote:
Originally Posted by MadisonMPG
Yeah I feel sort of bad for those dealers, but then again I don't. They sold a TON of cars, they had to make a profit even with the loss of 4,500 dollars. I mean, what is the markup on cars? I mean car dealers usually make a ton of money vs. regular joes. (assuming the economy doesn't suck)
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