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Automotive Product Finder Magazine | Over 50% automobile dealers expects profitability
Over 50% automobile dealers expects profitability
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In a recent study on Dealer Satisfaction with Automotive Manufacturers Index done by J.D power revealed that more than half of all dealers across the three largest vehicle segments in India—passenger vehicles, two-wheelers and commercial vehicles—express confidence for a profitable financial year as customer buying sentiment continues to improve. Talking about passenger vehicles more than half (58 per cent) of the dealerships in India expect to generate a profit in fiscal year 2017, up from 49 per cent last year. Only 15 per cent of dealers anticipate a loss, the lowest percentage in the study’s history. In addition to extending financial support to their dealers to ensure their viability, automakers are making concerted efforts to improve their systems, resulting in fewer delays and discrepancies.
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