Automobile Dealership Business Plan

This record-setting number marked a 6.9 percent increase over the industry’s revenue figure from 2014.

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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.

The investment per dealership in these locations is estimated to be about $100,000.

In areas with a population of 240,000 or more, consumers typically have around 90 car dealerships to choose from.

As you sell your cars, you can reinvest in your inventory and offer an increasingly larger selection of automobiles over time.

After you identify the sort of cars you’re going to sell, you need to conduct research to find a market that will support your business.

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 average annual payroll per dealership was .8 million in 2015, which also marked an increase of nearly eight percent over the average yearly payroll per dealership in 2014.

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.

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