Revenue from parts and service more than covered the Q1 operating cost of Rush Enterprises Inc.’s (NASDAQ: RUSHA) chain of truck and bus dealerships, offsetting lower Class 8 truck sales.
The 122.6% absorption rate was nearly double the percentage of most car and truck dealers. The calculation is based on how much of a dealership’s operating cost is absorbed by fixed operations like service, aftermarket parts and collision repairs.
Fixed operations accounted for approximately 63% of Rush’s gross...
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