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Posted by copey on Saturday, May 16, 2009 at 07:56:08 :
In Reply to: Re: Help Me to Understand ... posted by Desoto61 on Saturday, May 16, 2009 at 07:32:00 :
It has been his family 95 years he inherited >in Canada the way it works is at his dealership which is a sinking ship > He has to move 300 cars a month to keep the GM flag up > they pay intrest on the value of the cars sitting on the lot > the delivery of cars must be paid when they hit the lot >Insurance on the vehilces and employees and public liability is over TWO million a year >> on a new cadiilac @ 40 ks the dealers NET profit is less than FIVE HUNDRED dollars > the money making end used cars and the sevice department / parts department > bottom line from G M move cars ~ Copey