Interesting Figures
09-18-2003, 02:18 PM
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Interesting Figures
Saw this on CNN.com. CNN Article
One interesting quote from the article:
"Last year roughly 90 percent of the profits of General Motors and Chrysler were generated by sales of their SUVs, although these rides account for only one of every four vehicles sold.
Such legerdemain is enabled by the margins on an SUV, especially on the luxed-up, leather-clad, elephantine ones, which can throw off $10,000 or even $15,000 in profit per vehicle. (Your average Saturn contributes about $300 to the corporate coffers.)"
Thought the bit about the profit from SUV's was the interesting part. Something to think about (the 10-15k per SUV profit) the next time you are negotiating the price of your new SUV.
~Rob
One interesting quote from the article:
"Last year roughly 90 percent of the profits of General Motors and Chrysler were generated by sales of their SUVs, although these rides account for only one of every four vehicles sold.
Such legerdemain is enabled by the margins on an SUV, especially on the luxed-up, leather-clad, elephantine ones, which can throw off $10,000 or even $15,000 in profit per vehicle. (Your average Saturn contributes about $300 to the corporate coffers.)"
Thought the bit about the profit from SUV's was the interesting part. Something to think about (the 10-15k per SUV profit) the next time you are negotiating the price of your new SUV.
~Rob
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