I wish dealership margins were that thin.
Cars are much more expensive post pandemic than pre-pandemic.
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...
I’d guess it’s an ease of design and manufacturing decision when you can eliminate so many buttons so easily.
Aren't they? I had a vague impression it happened. And of course, some McDonalds' locations charge you something absurd for an extra ketchup packet.
That applies only to ketchup packs, though - they always charge for sauces. The only place I ever got sauce containers by handful for free was in a KFC in Shenzhen, China.
source: came from a farming family. All income goes back into the farm and we continually buy new circles.