From www.pitcher.com.au: Dealers in the automotive industry are facing significant profit challenges due to outdated operational structures, reduced margins on fixed operations, and the unsustainability of the traditional 2% profit model.

These challenges necessitate a comprehensive re-evaluation of business strategies, including sustainable expense budgeting and the potential rationalization of vehicle franchises to enhance profitability.

Leadership and management must evolve to prioritise change execution and develop financial competency within fixed operations to navigate this evolving landscape successfully.