IP InterviewPublished July 7, 2024
Lithia Motors: Servicing Economics
inpractise.com/articles/lithia-servicing-process-and-profitability
Executive Bio
Former GM at Lithia
Interview Transcript
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That's interesting. And going back to your transmission example, where you order the part and then you bill the insurance provider, what would be the markup on parts and labor, on average?
I would say 40% on parts. The markup on labor is 80%. The only cost in labor is the cost of the technician.
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