Automobile Dealership Business Plan

Automobile Dealership Business Plan-5
The collective annual payroll of new car dealerships in the United States in 2015 equaled .8 billion, an increase of almost eight percent over the industry’s total payroll in 2014.

The collective annual payroll of new car dealerships in the United States in 2015 equaled .8 billion, an increase of almost eight percent over the industry’s total payroll in 2014.

In 2015 alone, car dealerships located throughout the country wrote more than 200 million repair orders, generating $97 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.

Whether you want to sell new vehicles, used cars or both, there’s plenty of good news for people in the business of selling automobiles.

According to the National Automobile Dealers Association, dealership sales of new and used cars, parts and automotive services generated an all-time high of $862 billion in revenue in the United States in 2015.

Overall, this trend toward consolidating locations has led to greater profits per dealership. dealerships that had more than 30 locations increased by almost 50 percent by 2014.

The New York Times reports that the number of new car dealer groups that posted annual revenue of at least

The New York Times reports that the number of new car dealer groups that posted annual revenue of at least $1 billion doubled between 20. While owning and operating a car dealership can give you the chance to make money off of the sale of vehicles, parts and services, a car dealership also gives your employees the chance to earn a living and provide for themselves and their families.

Together, new car dealerships employ 1,115,301 people.

The average number of employees per dealership increased to 67 in 2015, up from 65 in 2014.

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.

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The New York Times reports that the number of new car dealer groups that posted annual revenue of at least $1 billion doubled between 20. While owning and operating a car dealership can give you the chance to make money off of the sale of vehicles, parts and services, a car dealership also gives your employees the chance to earn a living and provide for themselves and their families.Together, new car dealerships employ 1,115,301 people.The average number of employees per dealership increased to 67 in 2015, up from 65 in 2014.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.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.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.Across the nation, auto dealers have invested an approximate total of $234 billion in their businesses, which breaks down to an average of $11 million per location.Studies show that you can generally find nine dealerships in areas with a population of at least 40,000 residents.

billion doubled between 20. While owning and operating a car dealership can give you the chance to make money off of the sale of vehicles, parts and services, a car dealership also gives your employees the chance to earn a living and provide for themselves and their families.Together, new car dealerships employ 1,115,301 people.The average number of employees per dealership increased to 67 in 2015, up from 65 in 2014.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.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.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.Across the nation, auto dealers have invested an approximate total of 4 billion in their businesses, which breaks down to an average of million per location.Studies show that you can generally find nine dealerships in areas with a population of at least 40,000 residents.

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