Dealerships have benefitted significantly from the increase in vehicle prices over the last two years. The average retail net profit per vehicle sold has increased to $1,134 for new vehicles and $1,028 for used vehicles, up from $368 and -$399 last year. The average new car price has increased by over $5,000 compared to the end of 2020 from $40,000 to $45,031. Used car prices are currently up 37% year over year.