Dealership margins, as I recall, are 10-20%, also not great.
Mfg margins have come up during the pandemic, interestingly, but historically have been very low[1]:
> While estimated aggregate industry operating profit margins are 6 to 7 percent (Exhibit 1), large variations in profitability exists across companies. For instance, some European niche, luxury companies make double-digit margins more akin to those of high-tech players, while mass-market (or value-focused) OEMs make 4 to 5 percent.
Dealership margins, as I recall, are 10-20%, also not great.
Mfg margins have come up during the pandemic, interestingly, but historically have been very low[1]:
> While estimated aggregate industry operating profit margins are 6 to 7 percent (Exhibit 1), large variations in profitability exists across companies. For instance, some European niche, luxury companies make double-digit margins more akin to those of high-tech players, while mass-market (or value-focused) OEMs make 4 to 5 percent.
[1]: https://www.mckinsey.com/~/media/McKinsey/Industries/Automot...