but usually, after negotiations realize a 10-12% gross profit margin.And when you take into consideration thecost of actually owning and operating the used car dealership(Rent, Staff, Advertising, Utilities, and
on a car’s ACV. When someone trades in a vehicle, dealers typically re-condition it before it’s put out for sale on the used car lot. As such, dealers are typically very diligent to estimate your vehicle’s ACV accurately since it helps them determine their own potential profit margin...
While mechanics are there to help you, they also need to turn a profit. So, while most maintenance does require professional help, consider what you can handle at home to save money.MaintenanceFrequencyExpected cost Oil change Every 5,000 to 7,500 miles $35 to $125 Tire rotation Every 5...
The salary of a car dealership owner does not necessarily rise with time and experience. That's because their income is largely dependent on the dealership's profit margin, and that depends on many factors, such as whether the dealership is aused car dealership, whether it sells new cars, i...