Ou Miaoxuan sat for a while and continued to discuss the U.S. car industry.
This time, with the participation of two American followers from related fields, the vision of the second-hand car market here and how to conduct future business operations became clearer.
In recent years, new car sales among U.S. retailers have been steadily declining, whereas used car sales have been rapidly increasing. The main reason for this trend is that new car profit margins are falling year by year, leading almost all car dealers to start dealing in used cars. The gross profit margin for a new car is about 5%-6%, while for a used car it is 10%-12%, about twice that of a new car.
That is to say, selling used cars is more profitable than selling new cars.
Of course, if he was involved, the gross profit would not be calculated in percentage terms but in multiples.
