What is the most popular car dealership?

There is no one-size-fits-all answer to this question, as the amount of money a car dealership owner makes can vary widely depending on a number of factors, including the size and location of the dealership, the types of cars sold, and the owner's business acumen. However, according to industry experts, the average profit margin for a car dealership is between 2 and 5 percent. So, for example, if a dealership sold $10 million worth of cars in a year, the owner would likely make between $200,000 and $500,000 in profit.

Almost 37 percent of a dealership's gross profit comes from the sale of F&I products and service contracts on new and used cars. The service and parts department accounts for 44 percent of the dealership's gross profits.

The answer to this question depends on a number of factors, including the country in which you want to start your dealership and the specific regulations that are in place there. In general, however, the process of starting a car dealership typically involves the following steps:

1. Obtain the necessary licenses and permits. In most jurisdictions, you will need to obtain a business license as well as a dealer's license in order to operate a car dealership.

2. Find a suitable location. Your dealership will need to be located in an area that is visible and easily accessible to potential customers.

3. procure the necessary inventory. You will need to purchase or lease a selection of vehicles that you will offer for sale at your dealership.

4. hire staff. In addition to sales staff, you will also need to hire mechanics, office staff, and other personnel as needed.

5. establish financing arrangements. You will need to set up financing arrangements with banks or other lenders in order to provide financing options for your customers.

6. market your dealership. You will need to promote your dealership through advertising and other marketing initiatives in order to attract customers.

The average salary for a car salesperson is more than seven figures. After a few months or years of working for the same employer, it is common for a salesperson to get a raise. You may be able to negotiate for a higher wage if you have more experience.