How Car Dealerships Hedge Against Downturns

The auto industry is cyclical, but one segment seems to be far more resilient to downturns - the auto dealer. When times are good - dealers sell new cars. When they are bad, dealers can sell cheaper used cars, or parts and service for the shoppers who can’t afford a new vehicle. CNBC's Robert Ferris has more on the business of car dealerships and why there may be some challenges ahead. Produced by: Robert Ferris Edited by: Zach Green Animation: Jason Reginato, Emily Park Senior Managing Producer: Tala Hadavi Additional footage: Getty images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC How Car Dealerships Hedge Against Downturns