January dealer profit drops.
Overall dealer profitability in January, as measured by Top Gun dealers nationwide, was a negative 3.3%, off from 5.6% in December. In January 2004, profitability was a negative 2.3%. [ILLUSTRATION OMITTED] Showroom traffic also dropped in January Traffic was off 4%, compared to January 2004.
By comparison, traffic had been up 3% in November and December, compared to the same months in 2003. On a brighter note, gross profit per vehicle financed was $445 in January, up from $409 in December. Indicators listed are year-to-date figures for franchised, …