Auto dealers seek higher margins to offset slump in sales, save jobs

Federation of Automobile Dealers’ Association (FADA) has urged automakers to fix minimum dealer margin at 7% on selling price of the vehicle to help restrict job losses in the sector that employs four million personnel directly and indirectly, and make “this business model more sustainable, shockproof and comparable to international standards”.

from Auto-Industry-Economic Times https://ift.tt/2TJGrP9