How much does a car dealer make on used average?
On average, car dealerships make a gross profit of around $2,000 on each used car sold. This profit margin can vary depending on the make and model of the car, as well as the overall condition of the vehicle. For example, luxury vehicles and newer models tend to command higher profits, while older vehicles with high mileage may have a lower profit margin. However, it's important to note that dealerships also have expenses such as the cost of acquiring the car, reconditioning it, and advertising it for sale. Therefore, the net profit on a used car may be lower than the gross profit.