Part 4/13:
In terms of margins, most successful exotic dealerships operate on very thin net profits—around 1-3%. While the gross margins on the car itself might be 6-8%, the dealership's turn on each vehicle remains modest once expenses are accounted for. Historically, the speaker recalls instances where dealerships suffered significant losses on cars—sometimes $30,000 to $50,000 per vehicle—during market shifts or due to unscrupulous practices in inventory management.