Episode #1415: Today we’re tracking margin pressure across the largest dealer groups, Lithia’s behind-the-scenes push to improve affordability and efficiency, and LinkedIn’s new user-powered effort to clean AI slop out of the feed.
news.dealershipguy.com/p/gross-profit-per-unit-drops-for-top-retailers-in-q2
Average gross profit per unit softened across the largest public dealer groups in Q2, but the story isn’t all bad. New-vehicle grosses came under pressure, while used vehicles provided a sturdier profit lane and June sales helped the quarter finish with more momentum than many expected.
- All eight top dealer groups posted year-over-year declines in new-vehicle gross profit per unit. Lithia fell $288 to $2,728, while Penske dropped $527 but still led the group at $4,374.
- Lithia remained the volume heavyweight, generating $9.8 billion in revenue across 467 stores and retailing more than 104,000 new and 106,000 used vehicles.
- Used-vehicle performance held up better. Asbur...