Dealer profit jumps in March.
Overall dealer profitability, as measured by Top Gun dealers nationwide, jumped in March to 10.7%, up from 2.1% in February. Overall net profit for the year through March was 5.7%, a sharp improvement over the 1.1% YTD figure recorded in February and the 1.6% last March. Showroom traffic also improved substantially in March.
Traffic was up 2% in March, compared to March 2002. By comparison, traffic had been down 23% and 28% in January and February, compared to the same months last year. [ILLUSTRATION OMITTED] Indicators listed are year-to-date figures for …