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Am thinking about starting a small used car dealer, I was just woundering, how many cars do used car dealers sell a month and how much profit do they make, any experts,thank you

7 Comments »

1. 

   Buying and selling used cars is not as easy as 10 years ago. With all the information available everyone used the internet for information and go ‘armed’.

   They are some very good used car dealers but they have worked hard and built up a good reputation which is very important. Word of mouth advertising still can’t really be beat, more so if your running a small used car dealership.

   Normally with the used cars, you could buy for 2-3,000 and sell for 4-4,500 but you have to remember that before you sell the car you need to give it the once over, so tyres changes, oil changed etc

   Comment by Jon M — August 31, 2011 @ 6:40 am

2. 

   It all depends on what kind of cars you will be selling. Are they going to be for cash or finance. You will make more on finance. The dealership I work for now is all cash. The dealership makes an average of about $800 to a $1,000 per car sold. About an average of 60 a month with about 85 cars on the lot. Average car on the lot I work for cost $4500. Well hope this was helpful.

   Comment by Daniel S — August 31, 2011 @ 6:40 am

3. 

   Before you go off half-cocked, get a job selling used cars first. Learn the business first and then make your decisions. As an ex-car salesman, I think you will change your mind the first week of your new job. Get an education! Or, practice saying: Would you like fries with that? Hot apple pie?

   Got it?

   Comment by Norman O — August 31, 2011 @ 6:40 am

4. 

   When you see used cars for sale and they have 3.500 on the window with 500.00 down the down is what they paid for the car.dose this give you any ideas.

   Comment by need to know — August 31, 2011 @ 6:40 am

5. 

   it depends on what you have to pay for one,there no set price for this kind of a business,sometimes you actually loose money depending what all you have to do to a car to get it ready for resale,you don’t just buy and resale all the time, i wish it were that easy but its not,i have sold a lot of cars over the years and i have lost money on a few and will loose on a few more,good luck.

   Comment by dodge man — August 31, 2011 @ 6:40 am

6. 

   People nowadays do thier homework in this information age. They often trust Kelley Blue Book value. As a dealer you must do the same. Enter the stats of the car you wish to sell. When KBB gives you feedback based on condition of vehicle, you must choose a price lower than that to make the consumer feel like your giving them a deal. But yet, still higher than what you originally invested.

   Comment by uktenagarou — August 31, 2011 @ 6:40 am

7. 

   They make what the market will bear.
   For instance do you think they sell alot of cars today? No
   There goes down your profit.
   Now a few years ago you could get 1,000 or more on new cars and a couple hundred on a used car. Not today, cause if they want to sell a car new they have to bring down the price (Profit margin). Get it?

   Comment by jim — August 31, 2011 @ 6:40 am

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