The auto industry is cyclical, but one segment seems to be far more resilient to downturns – the auto dealer. When times are good – dealers sell new cars. When they are bad, dealers can sell cheaper used cars, or parts and service for the shoppers who can’t afford a new vehicle. CNBC’s Robert Ferris has more on the business of car dealerships and why there may be some challenges ahead.
Produced by: Robert Ferris
Edited by: Zach Green
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional footage: Getty images
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How Car Dealerships Hedge Against Downturns
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