Short YouTube discussion (by Chris Collins) about Q3 profitability for large automotive dealer groups. The speakers report year-over-year net profit declines for AutoNation (~24%), Asbury (~25%), and Penske (~14%), and briefly digress into a lighthearted exchange about the grocery chain Publix.
So I've got one topic in the news. It's out of automotive News. But the Q3 reports are for some of the big dealer groups. And so one of the things they do at the Automotive News, typically is I'll kind of collect the profitability data. And I've got profitability numbers off of three large groups. Penske, Asbury, and autonation. So gut. Gut feeling. Profits up or down, year over year.
For the Publix.
Yeah, for those three.
Not the grocery store.
Publix, not beautiful grocery store, which I think you undersell the quality of that grocery store.
Oh, because that deli sandwich, that'll change your life. That didn't change my life.
With a salami. Unbelievable. Fresh meat, produce, all of it.
It's a grocery store. Come on.
It's a really good grocery store. Okay. Up or down?
Well, I'm just gonna. I'm gonna guess because of the way you're presenting this.
Down. Yeah, they're down. So I thought if they were off just a little bit, that would sense there was, like, the CDK thing and, you know, hurricane that might have affected some of the stores and everything like that. But AutoNation down 24% in net. In net profit. Asbury 25%. And pesky Penske down 14%.
That's bad.
Well, if anybody over there wants help, give us a call. Eight.
Three, three.
Well, you can. We know lots of dealers that are up.
