President Joe Biden's directive to identify risks in the nation's critical lines is part of an effort to boost domestic manufacturing and address the global semiconductor chip shortage.
The 2020 figure blew by the industry's previous profit record for the average store, recorded in 2015.
While other dealerships struggle to find technicians, Magic Toyota in Edmonds, Wash., is training its own techs in-house, hiring a full-time professor to lead staff development efforts.
The fact that so many consumers are on the fence about considering a battery-electric vehicle for their next purchase or lease presents an opportunity for automakers to sell them on the idea. But it also could create a temporary surplus in EV inventory.
Safety recall legislation will be in the crosshairs of federal lawmakers. How can dealers protect themselves?
