car dealers financing their floor plans, page-7

Wealthcc, the margins on selling cars are extremely low and in some cases negative on some modeals. the money is made on after sale service, additional products ( insurance, extended warranties etc. )and in some cases fleet purchases which are packaged ( ie government vehicles on lease etc. ) if the australian consumer cuts back on servicing their cars ( due to hardship ) and government depts cut back on purchasing new cars every 3 years then the damage to the australian car industry is scary. many dealers were just getting by a few years ago during boom times now they will be gone.