In the 22 years since I entered the auto retail business doing acquisitions for AutoNation, dealers have weathered perceived threats from the Internet, public dealer groups and the Great Recession. During that time, average dealership profits have more than doubled, showing the resiliency of the business model.
Dealerships have been like fruit trees that generate healthy profits for owners for decades. But life may be changing for auto dealers. A number of well-respected industry experts are pointing to the future confluence of fully autonomous vehicles and ride-sharing.