Automobile Dealership Business Plan

Automobile Dealership Business Plan-75
Many car dealerships do more than sell new and/or pre-owned cars, too. Additionally, many dealers also have auto service centers and a body shop that provide the fee-based services drivers need to repair, maintain and modify their vehicles.These services can add a significant amount to a dealership’s bottom line and give consumers reasons to return to a given location many times over in between the times they buy or lease a car.From small, mom-and-pop dealerships, to individuals who sell a handful of cars in private transactions per year, to automotive conglomerates such as Auto Nation and Penske Automotive that own well over 100 locations, auto dealers come in all shapes and sizes.

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Instead, entrepreneurs throughout the country see them as salable goods they can use to make money.Almost every car lover hopes to have a big garage filled with the vehicles they love one day.Whether you collect iconic muscle cars, vintage roadsters or classics from a single automaker, you may share the common dream of owning an expansive collection of your favorites.Even though franchised new-car dealerships sold a record-setting number of new cars and light trucks last year, new vehicle sales only account for 25.8 percent of automobile purchases in the United States.This means 74.2 percent of automobile purchases are for previously owned vehicles.In a separate report entitled New Car Dealers in the US: Market Research Report, published in May, 2016, IBISWorld reported that the market for new cars grew by 5.9 percent between 20.In 2015, for instance, franchised new-car dealerships sold over 17 million light trucks and cars.The investment per dealership in these locations is estimated to be about 0,000.In areas with a population of 240,000 or more, consumers typically have around 90 car dealerships to choose from.In 2015 alone, car dealerships located throughout the country wrote more than 200 million repair orders, generating billion in service and parts sales in the process.Over the past decade, the number of new car dealerships in this country has dropped by approximately 4,000, largely due to consolidation.


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