Automotive Dealers Anticipate Growth in Service Revenue

Revenue Growth

Source: Automotive News Dealer Survey, Jan 2014

Recent dealerships survey conducted by Automotive News clearly shows that automotive dealers see service operations as an important source of revenue, almost on par with new car sales.

 

 

 

Headcount Increase

Source: Automotive News Dealer Survey, Jan 2014

Considering the cyclicality in new car sales, it is prudent to invest in increasing headcount and advanced service tools to generate higher- margin service revenues.