Car Dealership Business Plan Business Plan Articles There are several things to consider when planning to start a new car dealership, especially if you are in need of capital to finance the acquisition of the cars and secure an appropriate retail space.
Responsible for signing checks and documents on behalf of the company Evaluates the success of the organization Admin and HR Manager Responsible for overseeing the smooth running of HR and administrative tasks for the organization Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs. Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
Defining job positions for recruitment and managing interviewing process Carrying out staff induction for new team members Responsible for training, evaluation and assessment of employees Responsible for arranging travel, meetings and appointments Oversee the smooth running of the daily office cum business activities.
We are quite aware that there are several used car dealership garages all over Philadelphia and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business. We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.
So also, our team of highly qualify staff is also a plus for us. The fact that we are going to be operating our used car garage in a corner piece property along a major road close to one of the largest residential estates in Spruce, Chestnut and Walnut Streets — Philadelphia provides us with unlimited opportunities to sell our used cars to a large number of individuals and corporate organizations.
We have been able to conduct thorough feasibility studies and market survey and we know what our potential clients will be looking for when they visit our used car garage. Just like any other business, one of the major threats that we are likely going to face is economic downturn.
Another threat that may likely confront us is the arrival of a new used car dealership outlet in the same location where ours is located and even online. So also, unfavorable government policies may also pose a threat to businesses such as ours.
Per capita income levels have scaled across the globe and the growing middle class in emerging economies have looked to purchase their own cars. As the demand for used cars increase, used car dealership garages will make more sales.
A decline in demand for new automobiles has stimulated an increase in the sale of used cars. One notable trend in the used car dealership industry is that most used car dealers are leveraging on online store to sell their cars to a larger market.
As a matter of fact, it is easier to sell and export used cars from the United States and Canada to countries in Africa. Lastly, in recent time, the used car dealership garage landscape has seen tremendous changes in the last 20 years; it has grown from the smaller outlets to a more organized and far reaching venture.
The introduction of franchise and online car dealership garage makes it easier for a used car dealership garage to reach out to a larger market far beyond the areas where his physical store is located. Our Target Market Those who patronize used cars cut across all genders who are above 18 years and with the financial means; hence the target market for used car dealership garage business is all encompassing.
In view of that, we have positioned our used car dealership garage to service the residents of Spruce, Chestnut and Walnut Streets — Philadelphia and every other location where our franchise cum outlets will be located all over key cities in the United States of America and Canada. We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us.
We are in business to retail a wide range of used cars to the following groups of people; Students Low Earners Our Competitive Advantage A close study of the used car dealership garage industry reveals that the market has become much more intensely competitive over the last decade.
As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry. We are aware of the stiff competition and we are well prepared to compete favorably with other leading used car dealership garages in Philadelphia and throughout the United States and Canada.
One thing is certain; we will ensure that we have a wide range of used cars brands and models from leading manufacturers available in our garage at all times. It will be difficult for customers to visit our garage and not see the type of used car they are looking for.
Our excellent customer service culture, online store, various payment options and highly secured facility will serve as a competitive advantage for us. Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.
We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time. In essence, our source of income will be the retailing of a wide range of used cars from different car manufacturing brands. Sales Forecast When it comes to used car dealership business, if your garage is well stocked with various types of used cars from different manufacturing brands and models and centrally positioned, you will always attract customers and that will sure translate to increase in revenue generation for the business.Get Your Free Business Plan from our alphabetized business plan list below!
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In addition to that, it has helpful tools and know-how for managing your business. Used Car Dealer; Used Book Store; Used Sports .
The areas in this list of car-free places make up a sizeable fraction of a city, town, or island; public transport connections do not in themselves constitute a car free area..
Color-coding is used as follows. Used Cars. Of course, we have used cars for sale near you but we also offer cars for sale across the UK! And with Move Me Closer, you can move the car you want from any of our stores to your local one so you can take it out for a spin!
A Business Plan can be used to build the framework for your new or existing enterprise, and to set goals for your business. It can also be used by your startup as a way to present your ideas, sales projections, and plans for achieving your objectives to potential investors for funding purposes.
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners.
Used cars are sold through a variety of outlets, including franchise and independent car dealers, rental car companies, leasing offices, auctions, and private party sales. Some car retailers offer "no-haggle prices," "certified" used cars, and extended service plans or warranties.
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