How to Start a Used Car Dealership Business With No Money | ProfitableVenture

 

used car dealer business plan

Auto Sales Business Plan. New and used car dealers can organize financial plans and predict profit and loss for their auto sales in the public and private sector with this free, printable business plan. Download Free Version (DOC format). Integrity Auto Sales used auto sales business plan market analysis summary. Integrity Auto Sales will sell top-quality used cars at a competitive price. There is a real need for a highly professional used car dealer who can provide quality vehicles at competitive prices, in a pleasant purchasing environment. Used car sales in the area. SUMMARY Description of the business Mission —The mission of Budget Cars will be to buy and sell a desirable mix of quality used cars, trucks, and vans, and to create a friendly atmosphere where Budget Cars will be known for being your family used car center. Legal Status/Location —The legal status of Budget Cars is a subchapter "S" corporation.


Auto Sales Business Plan


This business plan addresses all relevant concerns by presenting a comprehensive account of a month-by-month marketing strategy coupled with an extensive report on all aspects of the needs of a successful used car center. The care and detail of the financial figures assures a well-thought and carefully considered proposition. Note the effort to make the lender comfortable and familiar with the staff.

This used car dealer business plan is a projection of our monthly cash flow after expenses. These figures have been meticulously researched and should be very close to the actual amounts.

This chart shows the average gross profit per unit and the profit potential with volume. Budget Cars has established goals in gross profit and volume for the next four years. This chart shows the materials required used car dealer business plan for the clean-up and reconditioning of 15 safety-checked units. This list includes the necessary steps to take when acquiring a Class "B" Dealers License. This chart shows the number of vehicles per housing unit in Alpena County.

We only need 2. To own and operate a successful used-car dealership that I can devote all my energy and enthusiasm to. Ben is an engaging, stimulating communicator, poised and capable of projecting enthusiasm and warmth, and of motivating other people. He has a strong sense of urgency, initiative, and competitive drive to get things done, with emphasis on working with people in the process.

He understands people well and uses that understanding effectively in influencing and persuading others to act. Impatient for results, used car dealer business plan, and particularly impatient with details and routines, Ben is a confident and venturesome "doer" and decision-maker who will delegate details and can also used car dealer business plan responsibility and authority when necessary. Ben is a self-starter who is skillful at training and developing others.

He applies pressure for results, but in doing so, his style is more "selling" than "telling. At ease and self-assured with groups or in making new contacts, Ben is gregarious and extroverted, has an invigorating impact on people, and is always "selling" in a general sense. He learns and reacts quickly and works at a faster-than-average pace. Able to adapt quickly to change and variety in his work, he will become impatient and less effective if required to work primarily with repetitive routines and details.

In general terms, Ben is an ambitious and driving person who is motivated by opportunity for advancement to levels of responsibility where he can use his skills as team builder, used car dealer business plan, motivator, and mover. To maximize his effectiveness, productivity, and job satisfaction, consider providing Ben with the following:.

All rights reserved. Seeking employment with a professional establishment that provides a challenging stimulating work atmosphere to individuals who demonstrate a positive self-starting attitude.

Peter is an intense, results-oriented, self-starter, whose drive and sense of urgency are tempered and disciplined by his concern for the accuracy and quality of his work. His approach to anything he does, or is responsible for, will be carefully thought-out, based on thorough analysis and detailed knowledge of all pertinent facts.

Strongly technically oriented, he has confidence in his professional knowledge and ability to get things done quickly and correctly. With experience, he will develop a high level of expertise in his work used car dealer business plan will be very aware of mistakes made either by himself or anybody doing work under his supervision.

Peter takes his work and responsibilities very seriously and expects others to do the same. In social matters, Peter is reserved and private, with little interest in small talk. His interest and his energy will be focused primarily on his work and, in general, he is more comfortable and open in the work environment than he is in purely social situations.

In expressing himself in his work environment he is factual, direct, and authoritative. Imaginative and venturesome, Peter is a creative person, capable of developing new ideas, systems, plans, or technology, or of analyzing and improving old ones. He relies primarily on his own knowledge and thinking, with little reference to others, relying as much as possible on himself alone to get things done.

He will find it difficult to delegate, feeling strongly that if he is to be sure that something is done right, he must do it himself. When, as a supervisor, it may be necessary for Peter to delegate details, he will follow up very closely and will be quick to spot and correct mistakes. His primary concern is to get things done right and quickly, and in accomplishing that goal he will be demanding of himself and others. While he may be perceived by other people as a rather aloof person, he will earn their respect for his knowledge of his work and the soundness of his decisions.

To maximize his effectiveness, productivity, and job satisfaction, consider providing Peter with the following:. To contribute the skills and abilities needed in the successful formation and continued operation of a profitable business, used car dealer business plan.

Margerie is a patient, stable, and cooperative person who will do her work as instructed and will depend on management and professional training to provide the necessary guidelines. She has the patience and tolerance required for routine work and can be relied on to do such work consistently and in a relaxed manner.

She will focus on the details of her work and will handle them with somewhat better-than-average accuracy. In work used car dealer business plan repeated contact with people, Margerie will be pleasant and agreeable, helpful and cooperative. She derives satisfaction from being of service to others, works comfortably under close supervision, and likes to feel part of a secure team. Fairly easygoing, Margerie works at a steady, relatively unhurried pace and is comfortable doing the same things in the same way repeatedly.

In the event of change in her work and responsibility, she needs to be given time to learn the new work thoroughly, which is best done with some opportunity for practice, used car dealer business plan. Once having learned, she retains well. In social terms, Margerie is unassuming, friendly used car dealer business plan pleasant in general contact.

She is a patient and willing listener, used car dealer business plan, particularly with people she knows well and with whom she feels at ease. Dependably consistent and steady in her work habits, Margerie will need close support and encouragement from supervision when she is required to work under pressure or in changing conditions.

To maximize her effectiveness, productivity, and job satisfaction, consider providing Margerie with the following:. Toggle navigation. Photo by: Thomas Sztanek. SUMMARY Description of the business Mission —The mission of Budget Cars will be to buy and sell a desirable mix of quality used cars, trucks, and vans, and to create a friendly atmosphere where Budget Cars will be known for being your family used car center.

The location is in Alpena, Michigan. Products and Services —The products that Budget Cars will offer are quality used cars, trucks, and vans at below market value. The services that will be offered are in-house financing provided by area banks with approved credit and a full automotive detail center that will recondition all units for sale.

Market and Sales Strategy Due to several different factors season changes, market changes, opening date, etc. We are going to be consistent with our advertising in the "Out and About" section that runs every other week in the Alpena Journal and at least one ad once a month in the Daily Herald.

March—This month we'll continue our "Out and About" section, 3 spots a week in the classifieds, and at least one ad in the Daily Herald to keep in contact with the out county. April—"Grand Opening" will be held this month, used car dealer business plan. With the snow gone and everyone ready for a cookout, used car dealer business plan, we'll have our "Family Festive.

Also, the "Out and About" section and the ads in the classifieds will be run along with an ad in the Daily Herald. May, June, and July—We'll start with a little radio advertising, maybe sponsoring a morning weather program and continuing with our "Out used car dealer business plan About" section and an ad in the Daily Herald. As for the classifieds, we'll determine at that time if they are worth using. August, September, and October—Still keeping with radio, sponsor a local high school sport and continue the "Out and About" section and an ad in used car dealer business plan Daily Herald.

November—We'll go with the "Out and About" section and the ad in the Daily Herald and determine if it's time to advertise in the classifieds.

December—Have a coloring contest for the kids, with prizes that tie in with the holidays, advertising in the Alpena Journal and the Daily Herald. Peter will be maintaining and operating the automotive detail center. Ben will be responsible for the buying and selling of automobiles and overseeing all operations. The number one responsibility of our management team is to create a friendly atmosphere where our customers come first, used car dealer business plan. They will always be courteously acknowledged with a friendly smile and a handshake.

Objectives of the Management Team Our main objective is to buy and sell quality used vehicles in the first year of operation, with an increase per year of 60 vehicles, ultimately reaching an average of cars per year. Financial Considerations Profit Projections —Budget Cars will have a net profit in the first year of operations.

Purposely the inventory will be minimal and focus on 4x4 trucks, utility units, and a family budget row of used cars that will satisfy the second car needs. That's why Budget Cars is opening their doors in January to take a share of the market which used car dealer business plan wide open in this area. Major Suppliers —A majority of the vehicles that Budget Cars will offer will come from auctions and new car dealerships. Other vehicles will come from trade-ins and private purchase units.

Sales personnel merely had to find out who could afford a new car. This condition existed until the early s when supply began to discover that some new terms were creeping into the retail salesperson's vocabulary. Words like "overallowance," "discount," "deal," and "terms. In addition, the asking price was no longer final. There was also, if you could haggle a little, a taking price.

It was possible to bargain with the dealer for the first time. During the s, other new merchandising techniques were introduced. The buyer was becoming better educated, used car dealer business plan, better able to buy—thanks to and month payments—but still confused and fearful of price. Caution became the watchword when buying a car.

The advent of the s brought more confusion to buyers with new used car dealer business plan like leasing, month payments, credit unions, rebates, and consumer advocates, used car dealer business plan. Cars," and "Used Car Buyers Guide," were published and sold by the millions. During the s automobile salespeople became conditioned to the notion that customers were interested in only one thing—the very lowest price.

The automobile showroom atmosphere didn't change very much from the s to the s. Most retail salespeople saw the business of selling automobile as an "us against them" hard-sell game. Those who sold popular Japanese products became arrogant and insensitive to their customers and those of us who sold American vehicles continued with the approach that price, and price alone, sells vehicles.

As the s came to a close, used car dealer business plan, the winds of change began to impact the retail automobile marketplace. Today, in the mid s, the business of retailing automobiles is quite different than it has ever been in the past. In today's marketplace, 5 out of every 6 cars sold in the United States are used. Industry Trends —Vehicle sales seems to be a trend with our Michigan seasons.

 

A Sample Used Car Dealership Business Plan Template | ProfitableVenture

 

used car dealer business plan

 

Integrity Auto Sales used auto sales business plan market analysis summary. Integrity Auto Sales will sell top-quality used cars at a competitive price. There is a real need for a highly professional used car dealer who can provide quality vehicles at competitive prices, in a pleasant purchasing environment. Used car sales in the area. SUMMARY Description of the business Mission —The mission of Budget Cars will be to buy and sell a desirable mix of quality used cars, trucks, and vans, and to create a friendly atmosphere where Budget Cars will be known for being your family used car center. Legal Status/Location —The legal status of Budget Cars is a subchapter "S" corporation. Integrity Auto Sales used auto sales business plan executive summary. Integrity Auto Sales will sell top-quality used cars at a competitive price. Toggle navigation. Starting a business made easy We will be successful because we offer something different; a pleasant car buying experience. We will create a purchasing environment that caters.