How dealerships can finance eye-watering expenses
A Florida dealer family spent $60 million on a Paris wedding. Here’s why the dealership business can generate huge sums.
Behind some billionaire fortunes are dealership chains, especially when they belong to family groups with decades of activity and strong margins. New and used sales, service, financing and related services create far more cash flow than most people realize.
That is how some families in the sector can afford extraordinary expenses, such as a $60 million wedding in the French capital. In Italy, a similar model exists in large dealer groups, where volume, network and after-sales services make the difference on the final bottom line.
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