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How much does a car dealer make on a new car 2024?

Benjamin Baker | 2023-06-06 11:32:02 | page views：1430
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Isabella Diaz

Studied at the University of Seoul, Lives in Seoul, South Korea.
It's typically 2 or 3 percent of either the invoice or the sticker price of the car. On a $20,000 car, a holdback represents $400 to $600. The holdback allows dealers to sell a car at invoice price (or even below invoice) and still make money. Most manufacturers offer holdbacks to their brands' dealers, but not all.
2023-06-13 11:32:02
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Charlotte Richardson

QuesHub.com delivers expert answers and knowledge to you.
It's typically 2 or 3 percent of either the invoice or the sticker price of the car. On a $20,000 car, a holdback represents $400 to $600. The holdback allows dealers to sell a car at invoice price (or even below invoice) and still make money. Most manufacturers offer holdbacks to their brands' dealers, but not all.
Where Does the Car Dealer Make Money? | Edmunds
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