Rising sales tide lifts new-vehicle grosses for most brands
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Dealers at three-fourths of the auto industry's brands are getting higher new-vehicle grosses as sales return to pre-recession volumes.
Lexus has had the biggest percentage increase since 2010, with Honda and Toyota outperforming other mass-market brands, an industry analysis by J.D. Power and Associates found.
"The biggest factor is that industry sales are up from where they were. Dealerships are seeing more throughput and they're selling vehicles more profitably," Dave Sargent, J.D. Power vice president for global automotive product development, told retail executives during the J.D. Power International Automotive Roundtable.
