• Register
settingsLogin | Registersettings
Show Menu

Is owning a small car dealership worth it?

0 votes
86 views
Owning a small dealership, meaning only selling 5-15 cars at a time. Using the internet to sell them. Also how do dealerships get cars if it's not a franchise?

Searches related to Is owning a small car dealership worth it?
starting a used car dealership from home
how to run a used car dealership
how to start a used car business from home
how to start a car dealership with no money
become used car dealer
owning a car dealership salary
how to own a car dealership franchise
what does it take to get a car dealer license
asked Jul 29, 2017 in Cars and Transportation by Love big words

2 Answers

0 votes
Buying cars is not a problem. I used to go to at least 2-3 dealer auctions a week. One was open to the public too but 90% of transactions were dealer to dealer.

Selling enough of them at a big enough profit is the problem many face.

Very few people can make even $500 a month selling cars off the internet.

This means you need a car lot. Car lots are expensive. Employees are expensive. Overhead is expensive.
Garage liability insurance is expensive.

97% of the dealers you compete against have much more experience and money than you do.

I somehow made a living at it way back when for a dozen or so years.
answered Jul 29, 2017 by clayton
0 votes
Thre isn't a lot of markup on used cars by the time you add in all the costs to get the car in saleable condition. So selling to the public isn't very profitable. You have to rely on high volume to make a good living. There is a lot of overhead to operate a used car dealership.

Selling dealer to dealer and auction to auction is a better way to move lots of cars quickly and easily.
answered Jul 29, 2017 by mccoyblues

Related questions

0 votes
4
answers
109 views
0 votes
0
answers
30 views
0 votes
4
answers
240 views
0 votes
0
answers
15 views
Welcome to Koees Questions and Answers, where you can ask questions and receive answers from other members of the community.
...