business plan for used car dealer pdf

Used Car Dealership Business Plan Template [Updated 2024]

Used Car Dealership Business Plan Template

If you want to start a used car dealership or expand your current used car dealership, you need a business plan.

The following Used Car Dealership business plan template gives you the key elements to include in a winning Used Car Dealership business plan.

You can download our Used Car Dealership Business Plan Template (including a full, customizable financial model) to your computer here.

Used Car Dealership Business Plan Sample

I. executive summary, business overview.

[Company Name], located at [insert location here] is a used car dealership that sells, and services used vehicles to customers in the surrounding community. Our dealership will offer vehicles at a range of price points , for customers across the spectrum of creditworthiness.

Products and Services

[Company Name] will maintain an inventory of used vehicles, and operate a service department for trade-ins.

In addition, [Company name] will also offer financing and insurance options for customers with all credit scores. Sub-prime customers will find financing options at [Company name] that they will not find at other area dealerships.

Customer Focus

[Company Name] will primarily serve the residents within a 30 mile radius of our location. The demographics of these customers are as follows:

• 27,827 residents
• Average income of $45,700
• 38.9% with higher education
• 29.6% in Mgt./Professional occupations
• Median age: 35 years

This bodes well for [Company Name], as the prime demographic for used car dealerships are consumers with subprime credit ratings. Individuals of all ages will be sure to patronize [Company Name] for their extensive vehicle and financing options.

Management Team

[Company Name]is led by [Founder’s Name] who has been in sales for 20 years. While [Founder] has never run a dealership himself, he has worked in the car dealership industry since age 30. As such [Founder] has an in-depth knowledge of the dealerships industry, including the operations side (e.g., running day-to-day operations) and the business management side (e.g., staffing, marketing, etc.).

Success Factors

[Company Name] is uniquely qualified to succeed due to the following reasons:

• The Company will fill a specific market niche in the growing community we are entering. In addition, we have surveyed the local population and received extremely positive feedback saying that they explicitly want to frequent our business when it is launched.
• Our location is in a high-volume area with easy access from multiple residential and commercial district zones.
• The management team has a track record of success in the car dealership industry.
• Used car dealerships are a proven business and have succeeded in communities throughout the United States.
• Local competitors leave a large gap in the market—there are car dealers offering new cars and maintenance services, and a dealership that exclusively sells used vehicles, but nothing that cater to subprime customers.

Financial Highlights

[Company Name] is currently seeking $500,000 to launch. Specifically, these funds will be used as follows:

• Lot design/build: $100,000
• Inventory: $300,000
• Working capital: $100,000 to pay for Marketing, salaries, and lease costs until [Company Name] reaches break-even

Topline projections over the next five years are as follows:

II. Company Overview

Who is [company name].

[Company Name], located at [insert location here] is a a used car dealership that sells, and services used vehicles to customers in the surrounding community. Our dealership will offer vehicles at a range of price points, for customers across the spectrum of creditworthiness.

[Company Name] was founded by [Founder’s Name]. While [Founder’s Name] has been in the auto sales business for some time, it was in [month, year] that he decided to launch [Company Name]. Specifically, during this time, [Founder] took a trip to Fort Lauderdale, FL. During his trip, [Founder’s Name] visited a used car dealership that enjoyed tremendous success. After discussing the business at length with the owner of the dealership, [Founder’s Name] clearly understood that a similar business would enjoy significant success in his hometown.

Specifically, the customer demographics and competitive situations in the Fort Lauderdale location and in his hometown were so similar that he knew it would work. After surveying the local population, [Founder’s name] went ahead and founded [company name].

[Company Name]’s History

Upon returning from Fort Lauderdale, surveying the local customer base, and finding a potential lot location, [Founder’s Name] incorporated [Company Name] as an S-Corporation on [date of incorporation].

The business is currently being run out of [Founder’s Name] private offices, but once the build-out on [Company Name]’s commercial location is finalized, all operations will be run from there.

Since incorporation, the Company has achieved the following milestones:

• Found commercial space and signed Letter of Intent to purchase it
• Developed the company’s name, logo and website located at [website]
• Hired an architect to design the showroom
• Determined equipment and inventory requirements
• Begun recruiting key employees with previous auto sales experience

[Company Name]’s Products & Services

Below are [Company Name]’s products and services:

• Used vehicles
• Parts and repair services
• Finance and insurance

Sales professionals will be available to determine the customer’s needs, budget, and preferences, and recommend options.

[Company Name] will also offer financing and insurance options for customers with a range of credit scores.

[Company Name] will feature a range of used vehicles. It will continue to update its inventory in order to provide fresh options to its customers.

Furthermore, the waiting area will feature a relaxing, welcoming atmosphere, and a coffee bar will be available for waiting customers.

Showroom Design

[Company Name] will develop a 2,000 square foot facility whose key elements will include the following:

• Office area
• Reception Desk
• A waiting area

[Company Name] plans to be open 6 days a week, from 7AM to 9PM. As demand dictates, we may extend or reduce our hours.

III. Industry Analysis

[Company Name] competes against other new and used car dealerships, as well as online-only car dealers and private consumer sales.

According to a report by National Independent Automobile Dealers Association, the used car dealership industry is a fragmented one, with nonemploying dealerships estimated to represent 81.4% of total establishments. The market is estimated to grow to over $150.6 billion in five years. Since there are no truly dominant competitors, barriers to entry are not as high as many other industries, and a start-up can expect to have success in this growing market, [Company Name] is well-positioned for success. There is plenty of room in the industry particularly for conveniently located dealerships that cater to specific demographic trends and demands. In this industry, size does not necessarily mean an advantage, which bodes well for [Company Name].

Market Trends

The market in which [Company Name] will compete is experiencing a number of different trends.

Market-level trends:

• Flat growth. This market is expected to remain consistent, with slow growth of 0.6% annually.
• Success drivers. Customer satisfaction is what ultimately makes one dealership triumph while another fails. The experience a dealership’s customer has will ultimately determine whether or not they return and whether or not they refer others to the dealer.

Firm-level trends:

• Inventory and Price. Most used car dealerships have inventories dominated by vehicles that are at least six years old and have more than 60,000 miles. The variety of vehicles in stock is an important factor in a consumer’s decision to buy, as are financing options.
• Customer service. Happy customers generally tell three friends about their positive experience, while unhappy customers tell five times as many people.

Customer-level trends:

• Availability. Because of the limited used car inventory and slowed vehicle production, consumers are less set on whether they want a used or new vehicle. Instead, they are more likely to make a purchase decision based on available stock and prices.
• Purchasing preferences. Customers are increasingly shopping online, including shopping for vehicles. While not all customers complete an automobile purchase online, many do use the internet to research and compare before making the final purchase decision.

IV. Customer Analysis

Demographic profile of target market.

[Company Name] will serve the residents of [company location] and the immediately surrounding areas as well as those who work in [company location].

The area we serve is populated mostly by lower middle class Millennials; as a result, they are more likely to shop for high quality used vehicles. Further, many are looking to transition to hybrid or electric vehicles, and used EVs are a more affordable option.

The precise demographics of the town in which our retail location resides is as follows:

Customer Segmentation

• Subprime and deep subprime customers: Subprime customers, or customers that have a VantageScore between 501 and 600, are expected to account for 21.7% of industry revenue. In contrast, deep subprime customers possess a score of less than 500 and are expected to account for 3.4% of revenue. [Company name]’s inventory will include a variety of financing options to meet the needs of this demographic.
• Prime and near prime customers: Prime and near prime customers are expected to represent 41.4% and 21.9% of industry revenue, respectively. Prime credit ratings correspond to a VantageScore between 661 and 780, while near prime customers’ credit ratings correspond to a VantageScore between 601 and 660. Customers with intermediate credit scores may choose to purchase vehicles at a used car dealer to protect their credit scores for more important purchases.
• Super prime customers: Super prime customers have credit scores of 781 or higher. With such a high credit rating, these customers qualify for the best interest rates. Super prime customers may choose to purchase vehicles from a used car dealer, whether financed or cash, to protect their favorable credit.

V.Competitive Analysis

Direct & indirect competitors.

The following dealerships are located within a 20 mile radius of [Company Name], thus providing either direct or indirect competition for customers:

Premiere Auto

Incorporated in 1997, Premiere Auto is a privately held preowned dealership. Premiere Auto has consistently been ranked in the Top 20 independent preowned dealerships in the United States and has sold over 50,000 vehicles since it opened. Premiere Auto sources most of its vehicles from private individuals. Most of these vehicles have Carfax available, and come with a 2 year/100,000-mile warranty. Premiere Auto operates a service and parts center and offers financing. Premiere Auto currently has 152 vehicles available on its website; priced from $4,999 to $58,999.

We expect that Premiere Auto will continue to thrive. But since is located in the next city, we expect more and more customers will frequent [Company Name] based on proximity and competitive prices we offer.

Randy’s Auto Sales

Established in 1993, Randy’s Auto Sales, Inc is a privately held preowned dealership. Randy’s Auto Sales has a wide range of vehicle makes and models and offers financing. The dealership offers a range of Warranty coverages provided by GWC Warranty and operates two lots. Randy’s Auto Sales has 71 vehicles available on the two lots; priced from $3,995 to $15,995.

[Company Name] has several advantages over Randy’s Auto Sales, in that offers a larger inventory, and has more financing options.

Boardwalk Auto Sales

Established in 2010, Boardwalk Auto Sales, Inc. is a privately held single location used car dealership. Boardwalk Auto Sales primarily offers In-House Lease Financing on its used vehicles. Boardwalk Auto Sales includes a warranty on every vehicle offered and can arrange traditional financing. Further, the dealership does not preform Credit Check and can offer flexible terms and payment options. Boardwalk Auto Sales operates an Inspection Station & full service facility able to handle anything from routine tire swaps, brake work & oil changes to engine swaps and transmission repairs. Boardwalk Auto Sales has 56 vehicles for sale online; priced from $8,990 to $12,990.

Boardwalk Auto Sales offers some financing options which are unique to the area, and thus we expect it will continue to draw a large clientele. However, because many of its services are geared to subprime clientele, we expect to draw prime buyers who seek better financing terms.

Competitive Advantage

[Company Name] enjoys several advantages over its competitors. These advantages include:

• Location: [Company Name]’s location is near the center of town, giving us access to commuters going to and leaving the train station, local office workers, and passersby shopping in the city.
• Strong inventory: The inventory offered by [Company Name] is large, and [Company Name] offers these vehicles at affordable prices.
• Management: Our management team has years of business and marketing experience that allows us to market to and serve customers in a much more sophisticated manner than our competitors.
• Relationships: Having lived in the community for 25 years, [Founder’s Name] knows all of the local leaders, newspapers and other influencers. As such, it will be relatively easy for [Company Name] to build brand awareness and an initial customer base.

VI.Marketing Plan

[Company name] seeks to position itself as a respectable competitor in the used car industry. Customers can expect to receive personal attention and choose from a variety of used cars offered at reasonable prices.

The [Company Name] Brand

The [Company Name] brand will focus on the Company’s unique value proposition:

• Convenient location
• Highly trained specialists
• Significant personal attention
• Moderate price point
• Comfortable, customer-focused environment

Promotions Strategy

[Company Name] expects its target market to be individuals working and/or living within a 10-mile radius of its location. [The Company’s] marketing strategy to reach these individuals includes:

Local Publications

[Company name] will announce its opening several weeks in advance through publicity pieces in multiple local newspapers and publications. Regular advertisements will run to maintain exposure to relevant markets. Community newspapers, school publications, youth sports programs, and similar channels will be a major promotion effort.

Major Publications

We will make careful use of advertising in selected larger publications. [Publication or newspaper name] has a circulation of xyz and we can expect to reach a wider geographic region of customers on a limited basis. Advertisements with major publications will be used selectively, based on cost effectiveness. These ads will include discount coupons so that response to the ads can be tracked.

Community Events/Organizations

[Company name] will promote itself by distributing marketing materials and participating in local community events, such as school fairs, local festivals, or homeowner associations.

Commute Advertising

We will drive attention toward [Company name] by leasing a billboard alongside [route or highway]. Advertising on heavily traveled commute routes is an opportunity to alert large numbers of working individuals with disposable income of our opening.

Customer Loyalty Programs

[Company name] will create a winning customer loyalty program to keep its best clients coming back again and again. In addition, we will send periodic, regular emails and text messages to customers. These communications will (a) ensure that customers are satisfied with their purchases, and (b) remind customers after a certain period of time has passed that they might want to shop for another car. Long-term customers will have the opportunity to participate in the loyalty program, and referrals will be rewarded as well.

Direct Mail

[Company Name] will blanket neighborhoods surrounding its locations with direct mail pieces. These pieces will provide general information on [Company Name], offer discounts and/or provide other inducements for people to visit the center.

Ongoing Customer Communications

[Company Name] will maintain a website and publish a monthly email newsletter to tell customers about new events, inventories and more.

Pre-Opening Events

Before opening the dealership, [Company Name] will organize pre-opening events designed for prospective customers, local merchants and press contacts. These events will create buzz and awareness for [Company Name] in the area.

Pricing Strategy

[Company Name]’s pricing will be competitive so customers feel they receive great value when shopping for a new car. The customer can expect to receive personalized attention and honest dealing when shopping for a used car.

VII.Operations Plan

Functional roles.

[Company name] will carry out its day-to-day operations on a walk-in basis.

In order to execute on [Company Name]’s business model, the Company needs to perform several functions. The majority of employees will have a primary function as auto sales professionals. [Company name] anticipates using the services of X employees, divided into the following roles.

Service Functions

• Financing and insurance processing
• Auto maintenance and service

Administrative Functions

• General & administrative functions including legal, marketing, bookkeeping, etc.
• Sourcing and storing products and inventory
• Hiring and training staff
• Appointment making
• Customer service/cash register functions

Miscellaneous

• Maintenance personnel

The following are a series of steps that lead to our vision of long-term success. [Company Name] expects to achieve the following milestones in the following [xyz] months:

VIII. Management Team

Management team members.

[Company Name]is led by [Founder’s Name] who has been in auto sales for 20 years.

While [Founder] has never run a dealership himself, he has worked in the auto industry since age 30. He began his career after he graduated from [University Name] in [19xx].

[Other person’s name] will serve as the customer service manager. [He/she] has extensive experience in the auto industry.

[Founder] will serve as the office manager. In order to launch our dealership, we need to hire the following personnel:

• Sales staff (3 to start)
• Finance and insurance processors (2 to start)
• Service personnel (2 to start)
• Porter (1 to start)
• Appraiser (1 to start)
• Assistants (1 to start)
• Receptionist (1 to start)

As dictated by demand and operational maturity, [Founder] will consider hiring the following personnel:

• Sales Manager [Number]
• Assistant Office Manager

IX. Financial Plan

Revenue and cost drivers.

[Company Name]’s revenues will come primarily from the sale of used vehicles and secondarily from the sales of parts/accessories and auto services.

The major cost drivers for the company’s operation will consist of:

• Inventory and parts
• Salaries and commissions

Moreover, ongoing marketing expenditures and cost of goods sold expenses are also notable cost drivers for [Company Name].

Capital Requirements and Use of Funds

[Company Name] is seeking $500,000 to launch. Specifically, these funds will be used as follows:

Key Assumptions & Forecasts

5 Year Annual Income Statement

5 Year Annual Balance Sheet

5 Year Annual Cash Flow Statement

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Used Auto Sales Business Plan

Start your own used auto sales business plan

Integrity Auto Sales

Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">, auto sales & parts.

There is a need in Lane County for a large selection of quality used cars, and Integrity Auto Sales will sell these top-quality used vehicles at a competitive price. The owner and sales manager have over 30 years of combined experience in new and used auto sales. We will continue to develop our excellent working relationship with local dealers and auctions to bring the savings to the customer.

We will create a purchasing environment that caters to the customer’s needs. We are selling a professional service and an experience in car buying that will bring customers back again, as well as referring friends and family. We estimate an optimistic gross margin over the industry average. We will be successful because of the excellent team we have assembled and the drive and determination of the owners.

Almost everyone needs a car to get from point A to B. Many families have two or more cars. Due to the recent success of the new car market, there is a large inventory of used cars available for re-sale. New car sales have enjoyed the largest single month gain in October up 24%.

Competition

Used car dealers are notorious for unethical sales practices. Customers are inherently cautious and untrusting as a result. The more we can provide a high-quality sales experience, the more successful we will be. Our salesmen will provide a friendly and personal experience for the buyer. We will follow up and ensure customer satisfaction. We will rely on these customers for an excellent reference to other car buyers. This company will build an excellent working relationship with our suppliers and customers.

Integrity Auto Sales provides a unique car buying experience to the customers in the Willamette Valley. One that focuses on customer satisfaction first. We understand that vehicle purchasing is a necessary, but sometimes unpleasant experience. Our goal is to provide the customer with an enjoyable, honest service by satisfying individual customers practical transportation needs with a quality product.

We also believe it is important to have quality vehicles at a low cost, and will back each vehicle with a 30 day limited warranty. Our company will make a profit by generating sales. It will provide job satisfaction and fair compensation to its employees, and a fair return to its owners. Hard work and performance is rewarded through bonuses and commissions. Job satisfaction is very important for employees and owners, we will create a work environment that is enjoyable and profitable for all.

Expectations

• Growth will be moderate to good, cash flows steady with several months of loss in the beginning
• Marketing will remain below 10% of sales. 
• The company will invest residual profits (10%) into financial markets and approximately 50% into company expansion for the first year.

Financial Highlights by Year

Financing needed.

We need $130,000 funding to start. That includes a $100,000 loan. Jonathan will invest $20,000 and Don will invest $10,000. 

Opportunity

Problem & solution, problem worth solving, our solution, target market, market size & segments.

Almost everyone needs a car to get from point A to B. Many families have two or more cars. Due to the recent success of the new car market, there is a large inventory of used cars available for re-sale. New car sales have enjoyed the largest single month gain in October 2001, up 24%.

4.1 Market Segmentation

Our market segmentation will consist of four basic segments; students, retired, families, and singles.

Current Alternatives

Our closest, similar competitors are AA Auto Sales, Big Apple Car Sales, Frank’s Auto Place, Guaranty, R & L Motors, and Sierra Truck, all on Hwy 99 between Eugene and Junction City.

• The primary competitors will be those in and around Junction City. Guaranty is a large, well-established dealer, with approximately 75% of the local market share. Guaranty has a large operation with a well-trained sales staff. Our sales manager is a former Guaranty sales manager, who understands the competition’s operations very well.
• Frank’s Auto Place offers a limited selection, and appears to be unorganized. Frank’s does not offer any competitive marketing and primarily focuses on the $1-2,000 vehicle.

Our Advantages

Keys to success.

To succeed in this business we must:

• Put together a team of experienced professionals.
• Secure an excellent high-traffic location.
• Establish a network of suppliers, in order to buy and sell products that are of the highest reliability and quality, at a competitive price.
• Ensure customer satisfaction by encouraging the two most important values, honor and integrity.
• Create high morale by rewarding employee success with monetary compensation.

Marketing & Sales

Marketing plan.

Our marketing strategy will focus on four segments. Those segments are described in the following subtopics. We will implement a strategy that treats customers as a community. This means our marketing resources will be centered around advertising both sales promotions (events) and personal sales (customer service, friendly atmosphere).

• The marketing budget will not exceed $6,000 per year.
• 100% customer satisfaction, measured through repeat customers, referrals and surveys.
• To achieve a respectable profit margin within the first three-years.
• To achieve a healthy net profit by year two.

The  retired  group will focus on practicality. Cost may be less important than quality and features. This group wants comfortable, nicely equipped vehicles at a reasonable price. They will want a vehicle that will last for years.

Families  will focus on safe, practical vehicles. Something that will last for years, can fetch groceries, carry the kids, and perform long trips. Many will be on a budget, and price may be a big factor. They will shop around and educate themselves on vehicles, shopping for a specific make or model.

The last group is the  singles . They are similar to the students in that they want flashly cool cars, but may be a working professional who can afford to pay more for a higher-quality vehicle.

Sales compensation is based on a percent of profits. We will invest adequate time and resources into training each member of the sales team and into good customer relations. Salesmen will be paid a portion of their salary based on commission. Good performance is rewarded with increased commission and bonuses. However integrity will not be sacrificed for sales. Customer satisfaction will continue to be a top priority. All potential sales will be attended to in a timely fashion and long-term salesperson-customer relationships will take precedence over sales closure.

Locations & Facilities

• The company office is located at 12345 HWY 99, Junction City, OR 97666.
• The office is approximately 1,000 square feet and has ample space for the first three years of growth.
• The 20,000 square foot lot and building is leased from the principal owner.

Integrity Auto Sales sells top-quality used vehicles at a competitive price. Integrity buys pre-inspected vehicles wholesale from well known local car dealers, and auto auctions. Integrity continually maintains a diverse stock of vehicles, providing the widest selection for individual needs.

Vehicles are purchased weekly, to add to the current stock on hand. Each vehicle is thoroughly inspected by an ASE mechanic with over 25 years of experience. Only vehicles that pass this critical 26 point inspection are sold on-site.

Integrity Auto Sales sells all types of used vehicles, from sports cars to RVs. We cater to each customer individually, to satisfy their own practical needs.  We buy only the best used vehicles at or below wholesale in order to bring the savings to the customers. Each vehicle is thoroughly inspected by an ASE mechanic with over 25 years of experience. We also offer an auto finding service to customers. If we do not have the vehicle they want in stock, we will find one for them.

Milestones & Metrics

Milestones table.

Key Metrics

Our key metrics are: 

• # of facebook posts and pageviews 
• # of tweets and retweets
• # of reps that meet and excel their quotas. 
• cogs of our most popular cars
• website page views and shares 
• Follow our customers figure out their favorite cars and features 

Ownership & Structure

Integrity Auto Sales is a privately held corporation. It will be registered as a Subchapter S, with ownership 60%-Jonathan Dinsmore, 40%-Don Mazzioti.

Management Team

Integrity will start with four initial employees. The owner will manage over all operations and the sales manager will manage all buying and selling of inventory. A records clerk and lot attendant will also be hired initially.

Once the gross margin and cash flow will support it, we will hire an additional salesman and lot attendants (tentatively four to six months).

Personnel Table

Financial Plan investor-ready personnel plan .">

Key assumptions.

We will accept credit cards and trade-ins of any value. Credit cards will have a negative affect on cash flow in that we may not be paid for several days. Trade-ins will also impact cash flow in that they are an asset and have no real value until sold. We will have to limit the number of credit transactions, and only take in quality trades at a wholesale price to facilitate turning a quick profit. The personnel burden is very low because benefits are not paid to part-timers. And the short-term interest rate is extraordinarily low because of current market rates.

We also assume conservative earnings from selling loans and extended warranties will be made.

The other assumption is that current market conditions will remain for the next two to three years. Low rates will have a positive impact on sales and lending for the short term.

Our cash forecast is extremely unrealistic at the far end of the forecast. We leave it like that knowing that we will revise over time. We call it a cushion, and reassurance, not an accurate forecast. 

Revenue by Month

Expenses by month, net profit (or loss) by year, use of funds.

Almost 90% of start-up costs will go to assets. Start-up costs will be financed through a combination of owner’s investment, short-term loans (VA business loan), and long-term borrowing. The start-up chart shows the distribution of financing.

Other miscellaneous expenses include:

• Legal fees for business establishment (ownership, and no sell agreement).
• Stationary, office supplies.
• Marketing/advertising fees.
• Initial consultation to establish records with an accountant.
• Rent for lot and office.
• Establish a Web page for advertising.
• Expensed equipment (two computers, two desk, Fax/copier, phone lines, and office furniture).
• One month initial start-up investment in vehicles.

Sources of Funds

We will be needing $130,000 to start. $100,000 will be a long term business loan. Jonathan will give $20,000 and Don will give $10,000. 

Projected Profit & Loss

Projected Balance Sheet

Projected Cash Flow Statement

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Used Car Dealer Business Plan Template

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IMPORTANT NOTE - I DO NOT OFFER FREE PHONE CONSULTATIONS AFTER PURCHASING THE TEMPLATE.

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Revving Up Success: The Ultimate Used Car Dealer Business Plan Template

Accelerating into the used car market.

Quality Business Plan introduces a Used Car Dealer business plan template, precisely engineered as a customizable Word document and Excel financial model. This essential toolkit is crafted for entrepreneurs gearing up to enter the used car sales industry or aiming to drive their existing dealership to new heights. It offers a targeted, sector-specific blueprint for business planning, vital for navigating the competitive and dynamic world of used car sales.

Designing a Roadmap for Dealership Dominance

This all-inclusive template lays out the key strategies for establishing and operating a prosperous used car dealership. It features important sections such as an Executive Summary, Company Description, Industry Analysis, Organizational Structure, and Marketing Strategies. Each component is carefully devised to tackle the specific challenges and opportunities within the used car market, ensuring a detailed and actionable business plan.

Streamlined Planning With Automotive Expertise

Recognizing the complexities of business planning in the automotive sector, Quality Business Plan offers straightforward tutorial support. These tutorials, accessible on their website, guide users through each aspect of the template, simplifying the planning process for both veteran auto dealers and newcomers to the industry.

Marketing Strategies for High-Octane Growth

Effective marketing is crucial for a used car dealership to stand out and attract buyers. The template includes comprehensive marketing strategies that utilize digital platforms and local advertising, crucial for showcasing vehicle inventory and building a strong brand presence in the community.

Financial Blueprints for a Profitable Dealership

Robust financial planning is the engine of a successful used car dealership. The template features an extensive financial planning section, including a Funding Request and detailed financial projections like 12-month profit and loss statements and 5-year pro forma income statements, tailored specifically for the used car sales industry.

Conclusion: Driving Forward in the Used Car Sales Arena

In conclusion, Quality Business Plan's Used Car Dealer business plan template is more than just a planning document; it's a strategic guide for success in the used car sales sector. This template equips entrepreneurs with the necessary tools and insights to launch or expand their used car dealership, setting the stage for a successful, competitive, and profitable venture in the ever-evolving automotive market.

Used Car Dealer Business Plan Template

•   Used Car Dealer Business Plan Template (Microsoft Word)  –  $47.00
•   +Add Excel Worksheet (Recommended)  –  $35.00
•   +Add PowerPoint Template and 4 Funding eBooks  –  $65.00
•   +Add Business Startup, Finance, Marketing Documents 781 Templates  –  $185.00
•   +Add Operational, Employee and Policy and Procedure Templates  –  $35.00

How to get funding for your Used Car Dealer business!

“Here’s the ‘Perfect Solution’ to getting your Used Car Dealer business funded quickly…even if you don’t have a clue on how to write a business plan and don’t have the budget to pay a professional to do it!”

If you want to get your Used Car Dealer business organized and funded then here’s the perfect solution:

Did you know that a well-written and researched business plan is the key to getting funding for your Used Car Dealer business?

But most entrepreneurs neglect this aspect of their startup.

That’s usually because they are not knowledgeable enough to write a business plan on their own.

Or do not have the budget to pay a professional business plan writer.

But if you’ve ever wanted to start a Used Car Dealer business and you need to write a business plan to get funding then our Hybrid Fusion Business Plan Template is for you .

Our Hybrid Business Plan Template is not just high quality, in-depth and researched, but also a business plan that has examples for you to insert your own market and business specifics into.

A Used Car Dealer business is a great business for those interested in entrepreneurship.

A used car dealership can be a profitable venture due to the constant demand for affordable vehicles. With the increasing costs of new cars, many consumers turn to the used car market to find reliable transportation options at lower prices. Additionally, the variety of inventory in the used car market allows dealerships to cater to various customer preferences and budgets. Moreover, the resale value of used cars remains relatively stable, providing dealers with opportunities to meet the needs of different buyers. Furthermore, as more people prioritize sustainability and environmental consciousness, buying a used car is often seen as a more eco-friendly choice compared to purchasing a new vehicle.

And with our business plan template, you’ll be able to seek funding from investors and be up and running in no time.

With modifications (Like the name of your company and owner’s bio, market, financials, company images and location specifics) you can customize this business plan for your exact needs.

Here’s why a free business plan template can risk your chances of funding:

Lenders and investors see thousands of business plans and they know when you’re using a generic free template because the “Wording is just not right.”

You can have the best idea for your venture and pitch it to them perfectly, however when you leave and they review your plan what will it really say about you?

And free isn’t really free if it costs you your funding .

Why leave the future of your business to chance?

Our business plan templates are written for your specific market and references are included.

Start your business off the right way with our comprehensive Hybrid business plan template.

As part of this package, you will receive our Used Car Dealer business plan template, which contains the following sections:

• Executive summary
• The enterprise
• The business concept and need
• Industry/market overview.
• Growth strategy and implementation summary
• Management plan
• Risk factor
• Use of proceeds

Click here to view sample pages of this exact plan.

Depending on which version of the business plan options you purchase (more on that in a moment), you’ll receive the following:

34 pag e Used Car Dealer busin ess plan template with references.

• This Used Car Dealer business plan template will be delivered via digital download in fully editable Microsoft Word and includes a Used Car Dealer business pre-written example text, general industry research, references, and narrative already completed for you.
• Red instructional text above each section is included to let you know what to insert in that section. In some areas, you can just add your information, in others you will need to use the example text as a basis to write your own business specifics such as what sets you apart, your local market, your business team, etc.

Click here for screenshots of the plan you will be receiving.

Used Car Dealer Financ ial Template in Microsoft Excel (recommended )

This Excel template will allow you to enter financial data specific to your business and will produce proforma financial statements for use in your business plan. The worksheets (Set-up, Start-up, Sales, Headcount, Inventory, Operating Expenses, Capital Budget, Equity & Debt, and Amortization Schedule) contain instructions, questions for you to answer, and boxes (cells) for data entry. Cells in which you are to answer questions or enter data are yellow. Purple cells contain formulas that will be calculated automatically.

Click here for screenshots of these documents.

Business Funding Package with PowerPoint and 4 eBooks

(A must-have if actively seeking investment). Includes a business Microsoft PowerPoint slideshow template “Pitch Deck” to show lenders and investors your concept at a glance. It includes 12 slides with instructional text for you to insert your specific business images and information into.

This funding package also includes the Funding eBook bundle to educate you on your funding options and how to best present your business concept. These 4 eBooks guide you through individual interventions, second-party arrangements, corporate funding options, government interventions, managing business cash flow, quick start funding overview, exit strategy, common mistakes to avoid when pitching your concept, and much more.

Business Startup, Finance and Marketing Templates to show investors that your business is prepared to launch

Business Assessment Documents. Vital documents to make sure you are prepared for your venture. Includes: Business Plan Guidelines, Strategic Planning Checklist, Trend Analysis Checklist, Executive Summary Template, Market Study Outline and Business Analysis Worksheet. 6 Documents to help get you organized.

Business Startup Documents. Essential Documents to Help Launch Your Venture. Includes: Board of Directors Documents, Confidentiality Agreements, General Administration, Basic Financial Checklist, Franchise Feasibility Test, Startup Cost Worksheet, Franchise Comparison Worksheet, Strategic Management, Organization-Wide Goals and much more. 66 Documents to help you get started.

Raising Capital Documents. Practical documents to help you get started raising capital. Includes: Government Grants and Program Worksheets and Guide, Loans and Borrowing Documents, Investment Analysis Summary, Bank Loan Request Sheet, Loan Application Review Form, Loan Calculator, Pledge of Shares of Stock, General Continuing Guaranty, Due Diligence Checklist, Promissory Notes, Investment Analysis Summary, Term sheet for potential investment and much more. 51 Documents to help you obtain funding.

Online Startup Documents. Key documents to establish your online presence. Includes: Advertising and Marketing Online documents, Confidentiality Agreements, Content and Copyright Agreements, Hosting Agreements, Software and License Agreements, Website Development Agreements, Website Notices and Checklists and much more. 72 Documents in total to help you online.

Finance and Accounting Documents. Vital documents for your finance and accounting business needs. Covers: Banking, Bookkeeping, Buying and Selling of Shares, Financial Statements, Government Grant Programs, Insurance, Investments, Investors Relations, Invoices and Billing, Loans and Borrowing, Raising Capital and much more. 169 Documents in total to help with your business finances and accounting.

Employment and HR Documents. Key documents you need as you grow your venture with employees. Covers: Compensation and Benefits, Contractors and Consultants, Employee Records, Employee Reference Letters, Firing and Termination, Hiring Employees, Insurance, Managing and Motivating Employees, Policies and Documentation and much more. 267 Documents in total to help manage your workforce.

Sales and Marketing Documents. Crucial documents as you grow your venture with marketing and sales. Covers: Addressing Complaints, Customer Relations, Market Analysis, Purchase orders and price quotes, Sales and Marketing Management, Sales Agreements and Contracts, Sales letters and much more. 142 Documents in total to help grow your venture.

Advertising and Marketing Online Documents. Documents to get your name and brand online effectively. Includes: Affiliate Program Agreement, Agreement for Internet advertising services, Co-branding agreement terms and provisions checklist, Co-branding agreement, Free linking agreement, Press release template, Website Cross Sponsorship Agreement, Website Linking Agreement. 8 Online Marketing Documents to help develop your online presence.

Business Operational Plan, Employee Handbook, and Policies and Procedures Templates

Show your investor that you are ready to launch by completing these vital foundational documents prior to starting. They include:

Operational plan template for you to describe your business’s mission and operations, including information on your strategic content, company objectives, key performance indicators, key assumptions and risks, goals, and more.

Employee handbook template to create for your current or future employees explaining your policies and what you expect from them and what they should expect from you.

Policies and procedures template (an addition to your employee handbook) to communicate the culture of your business, your standards on employment, schedules, compensation, benefits, hiring policies, and other workplace policies to protect not just your business but also your employees.

*These are templates for you to complete as operations and employee requirements vary per business. Please view the sample pages.

(Delivered in digital Microsoft Word format)

That’s a lot of information! But don’t be overwhelmed. We have offered each item individually so you can choose what you need or all of them. Scroll down to learn more.

See what our customers are saying about our business plan templates.

“The plan had some great points that were very beneficial and important to my business. I hope other clients are able to see the value you are able to provide in their business plans, just like myself. I would highly recommend you to other prospective entrepreneurs. It’s been a pleasure and I look forward to execute my business plan.”

Kristina K.

“Honest Business Plans has given me the tools and inspiration to pursue my business venture. Not only was the template helpful in helping me form my business idea it really explains how it would benefit my company.”

Mikio VanDrunen

“Shawn has been a tremendous help to me and my business ventures. His templates were extremely helpful to me with regard to moving my business from the conceptual phase to something that could be successfully implemented. Furthermore, his business plan example and associated materials allowed me to organize and structure my venture according to how I wanted to run and grow my business. I also found the process much easier with the materials (as opposed to doing everything on my own), since they provided a solid blueprint for my business.   I would recommend Shawn and his team to other entrepreneurs and business owners without hesitation. They have been great to work with!”

Kevin Cisney

The best part about our plans is that the TIME-CONSUMING parts are DONE for YOU.

Our Hybrid Fusion Business Plan Templates save you time as most portions are already completed for you, including the general narrative, market research and format are already researched and written for the Used Car Dealer industry.

What makes our Hybrid Fusion Business Plans Different?

Here are just a few reasons why our Honest Business Plan Template is the best solution to begin planning your venture:

• Formatted layout for investor and lender use.
• A full narrative written from scratch for your industry.
• Red instructional text guides you through each section of the business plan, explaining what each section is about and what to include, ensuring a polished, professional plan.
• Written in a persuasive way to show investors the true potential of your venture.
• Hybrid Fusion Cross between a business plan sample and template to make customization more realistic.
• Simple Pricing: Straight forward pricing no long-term subscription or obligation. Purchase and instantly download and edit.

Click here for sample pages of this Used Car Dealer business plan template.

But we don’t want to sell you on EASY.

We want to make sure you obtain a researched market-specific business plan template you are able to build a realistic and truly investor-friendly business plan upon.

Real investors and lenders see 3 to 15 business plans a day.

With the big “Corporate” business plan template companies luring you in with an “Easy” business plan those very lenders see right through them.

With our plan templates, you will have something extensive, unique as well as researched to set you apart from the “Corporate” generic business fill-in-the-blank plan templates.

Know exactly what you will be receiving by viewing our sample pages for this business plan here.

Do it yourself and not only save but learn more about your business as well.

• Each complete plan takes us about 160 to 200 hours to research , write and create and is written in a way to make it easy to understand yet investor friendly. A professional business plan writer would charge a minimum of $650 to create a unique business plan of our length.
• This is the viable solution you have been looking for. A comprehensive template with full narrative specifically for your industry. Our business plans are investor friendly, and offered at a fraction of the cost of a professional business plan writer.
• We stand behind our quality. Our plans are in-depth and researched. If you are able to find a more researched, referenced, comprehensive, Used Car Dealer business template for the Used Car Dealer industry for a lower price we will refund your money.
• Don’t believe the MYTH of “Fill in the blanks” business plan templates. Each venture is unique as is each market. If someone promises you a “fill-in-the-blanks” template or automated way to create your business plan then you are effectively getting a generic plan. Our hybrid business plan offered here is researched written and formatted specifically for the Used Car Dealer industry.
• Before purchasing, please understand the usage of this document (Yes, you will have to put in some work)  we are honest about what we offer and provide screenshots of the documents you will be receiving so there is no misunderstanding.

A customized or turn-key document from a reputable professional business plan writer starts at $950 and a cost upwards of $5,500 or more (A Google search will show you this).

We are attempting to help you get started on a budget hence we are providing our extensive hybrid fusion business plan documents as a starting point for you to build your plan upon.

30-DAY MONEY-BACK GUARANTEE.

Like any business, there are risks. I am so confident that this is the most comprehensive Used Car Dealer business offering out there that if you are able to find a more comprehensive Used Car Dealer business plan package that includes a 35+ page business plan template and matching Excel worksheet for a lower price, I will refund your money. Click here for terms and conditions.

*PLEASE NOTE THAT THIS PRODUCT IS NOT A TURN-KEY SOLUTION, BUT AN EDITABLE TEMPLATE THAT IS MEANT TO SERVE AS A FOUNDATION/BASIS/OUTLINE ON WHICH YOU CAN DEVELOP YOUR OWN PROFESSIONAL USED CAR DEALER BUSINESS PLAN WITH SOME EFFORT.

THE BEST TIME IS NOW

There is never a better time than the present to start your used car dealer business as the demand for affordable transportation continues to rise, and consumers seek reliable options at lower prices. The resources we provide will help jump-start you. However, in the end, only you can choose to make a difference in your life.

*This is a Business Plan Template/Outline in Unlocked and Editable Microsoft Office and should only be used as a starting point/foundation to write your own plan. You will need to edit it for your needs.

CHOOSE THE OPTIONS THAT WORK BEST FOR YOU. SSL Secured Checkout via PayPal or Credit Card. Your future Used Car Dealer customers are waiting.

Order Now Below

Disclaimers (Please read prior to purchase)

-This is an editable example business plan template, which is in between a business plan template and a sample. This is NOT a complete Turn-key business plan. Modify and use this Hybrid business plan template as a foundation to create your own plan. View Sample pages to see exactly what you will be receiving.

-We are unable to make any changes to this plan or excel sheet or pitch deck or documents for you.

-By purchasing these documents, you agree not to resell, copyright, or post them online.

-Digital Download for Microsoft Office XP 10.0 in Windows XP and higher versions.

-Will also open in Microsoft Office for Mac, however, some formatting issues may be present and will need to be corrected. For this reason, we are unable to guarantee 100% direct compatibility with Microsoft Office for Mac.

-This is a large Microsoft Word file. Please keep in mind that we are not responsible if your computer processor is unable to render them quickly. We have tested these files on multiple MACs and PCs and they render fine on our end. However, we are unable to account for or guarantee how the files will perform on your end due to various extensions and operating system performance. Although rare, if you are having rendering issues you may need to attempt to open and work on the Microsoft Word files on an alternative, newer or faster computer.

The best time to start is now. Purchase with confidence. SSL Secured Checkout and 30-Day Money Back Guarantee if you are able to find a more comprehensive and up-to-date plan and funding package combination for a lower price point.*

Thanks for scrolling down to the bottom of this page! Whether you purchase from us or not I wish you much success in your Used Car Dealer business venture!

Business Plan Template for Used Car Dealership

• Great for beginners
• Ready-to-use, fully customizable Subcategory
• Get started in seconds

Starting a used car dealership can be an exciting venture, but it's important to have a solid plan in place to ensure success. That's where ClickUp's Business Plan Template for Used Car Dealership comes in handy!

This comprehensive template is specifically designed for entrepreneurs looking to establish a used car dealership. It covers all the essential aspects of your business plan, including financial goals, market analysis, sales strategies, operational procedures, and growth projections. With this template, you can easily outline your vision, attract potential investors, secure funding, and make informed business decisions.

Don't miss out on this invaluable tool for setting up your used car dealership. Get started with ClickUp's Business Plan Template today and drive your business forward!

Business Plan Template for Used Car Dealership Benefits

A Business Plan Template for a Used Car Dealership can provide numerous benefits to entrepreneurs looking to establish their business, including:

• Streamlining the process of creating a comprehensive business plan by providing a pre-designed template
• Outlining financial goals, market analysis, and growth projections to attract potential investors and secure funding
• Guiding business decisions by providing a roadmap for operational procedures and sales strategies
• Ensuring a thorough understanding of the market and competition through market analysis
• Evaluating the financial viability of the business and identifying potential risks and challenges
• Increasing the chances of success by following a proven framework for business planning.

Main Elements of Used Car Dealership Business Plan Template

When starting a used car dealership, having a comprehensive business plan is crucial. ClickUp’s Business Plan Template for Used Car Dealership includes:

• Custom Statuses: Track the progress of your business plan with statuses like Complete, In Progress, Needs Revision, and To Do, ensuring that every step is accounted for.
• Custom Fields: Use custom fields like Reference, Approved, and Section to add specific details, track approvals, and organize your business plan sections efficiently.
• Custom Views: Access different views such as Topics, Status, Timeline, Business Plan, and Getting Started Guide to gain different perspectives and effectively manage and present your business plan.
• Collaboration and Task Management: Collaborate with team members, assign tasks, set due dates, and track progress to ensure that your business plan is executed effectively.
• Document Management: Store and access important documents, financial data, market analysis, and growth projections within ClickUp's Docs feature, keeping everything organized in one place.

How To Use Business Plan Template for Used Car Dealership

If you're starting a used car dealership and need help creating a business plan, follow these steps to make the process easier using the Business Plan Template in ClickUp:

1. Executive Summary

Start by writing an executive summary that provides an overview of your used car dealership. Include information about your target market, competitive advantage, and financial projections. This section should be concise but compelling to grab the attention of potential investors or lenders.

Use Docs in ClickUp to draft your executive summary and make it visually appealing with custom formatting options.

2. Market Analysis

Conduct a thorough market analysis to understand the demand for used cars in your area. Research your target market, including demographics, purchasing preferences, and competitors. Identify opportunities and challenges that may impact your dealership's success.

Use the Table view in ClickUp to organize your market research data and create custom fields to track important metrics such as customer demographics and competitor analysis.

3. Business Structure and Operations

Outline the legal structure of your used car dealership, whether it's a sole proprietorship, partnership, or corporation. Describe your dealership's location, facilities, inventory management, and sales process. This section should provide a clear understanding of how your dealership operates.

Create tasks in ClickUp to outline your business structure and operations, assigning each task to the appropriate team member responsible for implementation.

4. Marketing and Sales Strategy

Develop a comprehensive marketing and sales strategy to attract customers to your dealership. Identify the most effective channels to reach your target market, such as online advertising, social media, or traditional marketing methods. Determine your pricing strategy, promotions, and customer retention tactics.

Use the Board view in ClickUp to visually map out your marketing and sales strategy, with each column representing a different marketing channel or tactic.

5. Financial Projections

Estimate your dealership's financial projections for the next three to five years. Include projected revenue, expenses, and cash flow. Consider factors such as vehicle acquisition costs, operating expenses, financing options, and potential profit margins.

Use Dashboards in ClickUp to create financial charts and graphs to visualize your projections. Track key financial metrics such as gross profit, net income, and return on investment.

6. Implementation Plan

Create a detailed implementation plan that outlines the steps you'll take to launch and grow your used car dealership. Include timelines, milestones, and responsibilities for each task. Break down your plan into manageable phases to ensure a smooth and successful execution.

Use the Gantt chart in ClickUp to create a visual timeline of your implementation plan. Assign tasks and set dependencies to track progress and ensure tasks are completed in the right order.

By following these steps and using the Business Plan Template in ClickUp, you'll have a comprehensive and well-structured plan to guide your used car dealership towards success.

Get Started with ClickUp’s Business Plan Template for Used Car Dealership

Entrepreneurs looking to establish a used car dealership can utilize the ClickUp Business Plan Template to streamline the process of creating a comprehensive business plan.

First, hit “Add Template” to sign up for ClickUp and add the template to your Workspace. Make sure you designate which Space or location in your Workspace you’d like this template applied.

Next, invite relevant members or guests to your Workspace to start collaborating.

Now you can take advantage of the full potential of this template to create a solid business plan:

• Use the Topics View to organize different sections of your business plan, such as financial goals, market analysis, sales strategies, and operational procedures
• The Status View will help you track the progress of each section, with statuses like Complete, In Progress, Needs Revision, and To Do
• The Timeline View allows you to set deadlines and visualize the timeline for each section of your business plan
• Utilize the Business Plan View to have a comprehensive overview of your entire plan, including all sections and their statuses
• The Getting Started Guide View provides a step-by-step guide to help you navigate through the template and create your business plan
• Utilize custom fields like Reference, Approved, and Section to add additional information and categorize different aspects of your business plan
• Update statuses, custom fields, and progress as you work through each section to keep stakeholders informed and ensure a well-structured and effective business plan.
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Growthink's Ultimate Business Plan Template

The world's #1 business plan template.

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Used Car Dealership Business Plan Template

The world’s #1 used car dealership business plan template — it’s the quickest and easiest way to create a winning used car dealership business plan, period.

• Quickly & easily finish your business plan
• Turn your ideas into reality
• Get funding from lenders & investors
• Dominate your competitors
• Increase sales & profits
• Trusted by more than 100,000 businesses
• Zero learning curve
• 365-day 100% money back guarantee
• Get the world’s best growth strategies & tactics
• Lifetime access and no recurring fees
• 365 days of free customer support
• “Insider Secrets to Raising Capital” ($299 value) included FREE
• “Productivity Secrets” ($197 value) included FREE
• … and much more!

It Took Us 17 Years to Create the Ultimate Used Car Dealership Business Plan Template for You

Hi, I’m Dave Lavinsky, the co-founder and President of Growthink.

I’m honored and flattered to have been recognized as the world’s foremost business planning expert by BusinessWeek, Forbes and others.

Seventeen years ago we started writing business plans for entrepreneurs, executives and business owners like you.

During this time, we’ve helped over 100,000 entrepreneurs and businesses achieve great success.

Using this vast experience, we have created and constantly refined Growthink’s Ultimate Used Car Dealership Business Plan Template to be the hands-down quickest and easiest way to create a professional Used Car Dealership business plan that allows you to raise capital and build a strategically sound business.

100,000+ Satisfied Buyers

“Your Business Planning Template has been the single most valuable tool for helping me think more critically and strategically. So thank you.”

Michael Saletta

“I always thought writing a business plan was going to be very difficult – and that’s why I kept putting it off.

Growthink’s Ultimate Business Plan Template made it as easy as filling in the blanks and pressing ‘print.’ Thanks again.”

David Schleider

“I downloaded your template onto my computer, opened it up… and I actually was able to finish my business plan by the end of the day!”

Brett Perrine

“I bought your business plan template and raised $1,550,000 this year. Thank you for all you do!”

Wendy Drumm

INCREDIBLE FEATURES

You can finally create a professional Used Car Dealership business plan in less than 1 day thanks to these powerful features of Growthink’s Ultimate Used Car Dealership Business Plan Template:

Simply Fill in the Blanks

We’ve created simple, fill-in-the-blank exercises that guide you through all the key questions your Used Car Dealership business plan must answer.

And we give you samples for every section of your plan.

Just type your answers directly into our template and you’re done!

Automatic Financials

Simply type in some numbers, like your salary and expected growth, and our template automatically calculates your complete 5-year financial projections.

You’ll have your Income Statement, Balance Sheet, Cash Flow Statement, and multiple charts and graphs completed in minutes.

Turn Your Ideas to Reality

If you don’t have an action plan for executing on your ideas, they’ll never materialize.

That’s why Growthink’s Ultimate Used Car Dealership Business Plan Template includes an Operations Plan section.

This section takes you through our proven and proprietary process for creating an Operations Plan that will transform your ideas into reality.

Improve Your Strategy

Growthink’s Ultimate Used Car Dealership Business Plan Template helps you build a strategically sound business.

It guides you through key questions about your company, marketing and operations strategies, and gives you tons of ideas for improvement.

For example, in the Marketing Plan section, you’ll see several of the best marketing tactics to get new customers.

Expert Answers

Our Ultimate Used Car Dealership Business Plan Template “Members Area” gives answers to all your questions, plus access to our amazing customer support team.

Raise Money Faster

The content and format of our Ultimate Used Car Dealership Business Plan Template is tailored to the wants and needs of investors and lenders, so you raise more funding faster.

Our formula works wonders — our clients have raised over $2.5 BILLION!

Lifetime Access

Once you purchase Growthink’s Ultimate Used Car Dealership Business Plan Template, you have lifetime access to use it for any Used Car Dealership business in which you’re involved, now or in the future.

There are no recurring or monthly fees for our template, just a one-time fee.

Zero Learning Curve

There’s no software to learn or install.

You simply download, personalize & print our Microsoft Word® and Excel® compatible Ultimate Used Car Dealership Business Plan Template. And it works flawlessly on both PCs and Macs.

This is yet another way you save precious time!

365-Day Money-Back Guarantee!

Here’s our promise: Purchase today 100% risk-free because Growthink’s Ultimate Used Car Dealership Business Plan Template comes with a full 365 Day 100% Money Back Guarantee.

If for any reason you are not delighted with your purchase, simply contact our friendly support desk and you will be promptly given a full refund… No questions asked!

Plus 2 Great Free Bonuses – Yours Free

Raise Funding in a Flash

When you order, we give you instant access to “Insider Secrets to Raising Capital” ($299 value) for FREE.

This program includes 15 expert interviews (both audio recordings and transcripts) we conducted with top investors, lenders and entrepreneurs who have raised funding.

The interviews teach you the keys to raising funding and the critical mistakes to avoid.

$299 Value – Yours FREE

Fast-Track Your Growth

We not only help you quickly and expertly finish your business plan, but we help you grow a thriving business.

We do this by giving you FREE instant access to our renowned “Productivity Secrets for Entrepreneurs” course ($197 value).

This program gives you the precise techniques the world’s most successful business executives use to achieve amazing success in less time than you’d ever think imaginable!

$197 Value – Yours FREE

Get Growthink’s Ultimate Used Car Dealership Business Plan Template Right Now!

Even More Satisfied Buyers

“I knew I had to create a business plan, but I didn’t know how to go about doing that.

I was delighted that I could pick up your template with all the key components… just drop in my idea… and put it together in a way that hits all the key points and makes an impact with the investment community.

Obviously, the result is in whether or not you’re able to raise money…

We’re delighted because we were able to raise money, and we’re off to the races!”

Andrew Kessler

“I wanted to let you know that since I used your template, my business has improved dramatically and I am FINALLY starting to really grow.

You were right. I was able to easily create my financials (I was really scared about that going in) and editing the document was pretty straightforward.

And, then, a friend of mine introduced me to some angel investors. And when I showed them the business plan, they wrote me a check on the spot!.”

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“I purchased this product and it was amazing! Guess what? I got my loan and had 2 other offers.

My biz plan was done in 12 hours. Worth every penny!”

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I wanted to thank you for the business advice around creating a compelling business plan.

I used your guidance and since then have raised more than $1 million in angel investment.”

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“Dave’s business plan made all of this achievable. The excel spread sheets made it easy to provide forecasts and budgets.

When I had a question I just needed to call his team up. They were knowledgeable, helpful and friendly.

I highly recommend this product.”

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“It is my pleasure to write this glowing testimony concerning your business plan template. I am VERY pleased with this product and it has helped me complete my business plan.

I do not know how we would have achieved these results without your company’s product.”

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Immediately upon purchasing Growthink’s Ultimate Used Car Dealership Business Plan Template, you will be taken to our Member’s Area where you can instantly download our template and begin working on your business plan.

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Used Car Dealership Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business ideas » Automotive Industry » Car Dealership

Are you about starting a used car dealership business online? If YES, here is a complete sample used car dealership business plan template & FREE feasibility report for starting a used car dealership business .

Used car dealership business as the name implies is all about selling used cars to willing buyers. Aside from the fact that the owners of used car dealership shops are known for selling used cars, they also go out of their way to source for people who want to sell their cars.

They buy used cars at favorable prices and then resell at a good price that guarantees profits for them. In a nutshell, they are in the business of buying and selling used cars.

If you are sure this type of business is what you want to do after you must have conducted your feasibility studies and market research, then the next step to follow is to write a good business plan; a detailed blue print of how you intend raising your seed capital, setting up the business, managing the flow of the business, sorting out tax and marketing your services etc.

The truth is that it is one thing to have a fantastic idea cum business plan but entirely another thing for the business plan to translate to money, which is why it is important to assemble a team of dedicated workers if you want to be successful with your used car dealership business .

Note that you can hardly run this type of business without the right network of other used car dealers. Below is a sample used car dealership business plan template that will help you successfully write yours without much stress;

A Sample Used Car Dealership Business Plan Template

1. Industry Overview

Players in the used car dealership industry sell used cars and they may fall into any of the following niche areas; brick and mortar used cars dealership shop, online used cars dealership shop, used luxury cars dealership business and multi – brand and multi – maker used car dealers.

Recent statistics have it that the total annual revenue for used car dealership in the united states of America is US0 billion with an annual growth of 2.4 percent.

With massive annual sales of nearly US$370 billion, one can confidently say that the used vehicle dealership industry represents almost half of the United States’ auto retail market and it is of course the largest retail segment of the U.S. economy.

For instance, in 2005, approximately 44 million used cars were sold in the United States, which is more than double that of the nearly 17 million new cars sold. The average price of used cars in the United States is $8,786. The industry has 127,940 registered car dealership businesses that employ a total of 237,788 people.

In the United States used car dealership market, the top four major players account for less than 20.0 percent of industry revenue in 2015, with the biggest used car dealer, CarMax dealership, generating about 12.6 percent of revenue. Recent findings also indicate that the industry concentration has increased over the last five years prior to 2015.

The automotive industry with reference to used car dealership is indeed flourishing because more and more consumers are becoming aware of the need to cut unnecessary spending as it relates to purchasing cars, insurance policies and also the need to sell used cars as fast as possible.

Some of the factors that encourage aspiring entrepreneurs to venture into opening a used car dealership shop is the fact that the amount needed to start the business especially when you choose to start a small shop is not on the high side compared to other small – scale businesses.

That makes it easier for entrepreneurs who are interested in the business to come into the industry at any time; the entry barriers are quite affordable and any serious-minded entrepreneur can comfortably raise the startup capital without collecting loans from the bank especially if they can convince owners of used cars who are willing to sell their cars to drop the cars with them while they source for buyers.

Lastly, a used car dealership business might not be entirely easy to start, but one thing is certain, it is a straightforward business that can generate huge and steady profits if well positioned and properly managed.

People often think that starting this type of business does not require any professional skills; in as much as it is true, you would still need a good knowledge of automobiles, good business and bargaining skills and of course customer services skills if indeed you want to build a profitable business.

2. Executive Summary

Jason Hyacinth® Used Car Dealership, Inc. is a registered used car dealership shop that will be located in one of the busiest streets in Spruce, Chestnut and Walnut Streets – Philadelphia.

We have been able to lease a facility that is big enough (a 5 thousand square foot facility) to fit into the design of the kind of standard used car dealership shop that we intend launching and the facility is located in a corner piece along a major road close to the city center.

Jason Hyacinth® Used Car Dealership, Inc. sell and buy used cars from different manufacturers in the United States and abroad. We are set to service a wide range of clientele in and around Philadelphia.

We are aware that there are several large and small online and offline car dealership shops all around Spruce – Philadelphia, which is why we spent time and resources to conduct a thorough feasibility studies and market survey so as to be well positioned to favorably compete with all our competitors. We have an online service option for our customers, and our garage is well secured.

Jason Hyacinth® Used Car Dealership, Inc. will ensure that all our customers are given first class treatment whenever they visit our garage. We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large they may be.

Jason Hyacinth® Used Car Dealership, Inc. will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our customers’ needs precisely and completely whenever they patronize our used cars.

Jason Hyacinth® Used Car Dealership, Inc. is a family business that is owned by Jason Hyacinth and his immediate family members. Jason Hyacinth has a Diploma in Automotive Technology, over 5 years’ experience in the retailing industry, working for some of the leading brands in the United States.

Although the business is launching out with just one outlet in Spruce, Chestnut and Walnut Streets – Philadelphia, but there is a plan to open other outlets all around major cities in the United States.

3. Our Products and Services

Jason Hyacinth® Used Car Dealership, Inc. is in the used car dealership industry to service a wide range of clients and of course to make profit, which is why we will ensure we go all the way to make available a wide range of used cars from top manufacturing brands in the United States and other countries of the world.

We will ensure that we do all that is permitted by the law of the United States to achieve our aim and objectives of starting the business.

4. Our Mission and Vision Statement

• Our vision is to run a car dealership garage that deals in used cars from all the brands in the United States of America.
• Our mission is to establish a world – class used car dealership garage business that will make available a wide range of used cars from top manufacturing brands at affordable prices to the residence of Philadelphia and other key cities in the United States of America and Canada where we intend opening of chains of used cars dealership garages.

Our Business Structure

Our intention of starting a used car dealership business is to build a standard used car dealership garage in Philadelphia. Although our business might not be as big as CarMax dealership, and AutoNation Inc.et al, but will ensure that we put the right structures in place that will support the kind of growth that we have in mind while setting up the business.

We will ensure that we hire people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stakeholders. As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more.

In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

• Chief Executive Officer (Owner)
• Garage Manager
• Human Resources and Admin Manager

Sales and Marketing Manager

Information Technologist

• Accountants/Cashiers
• Sales Agents/Customer Services Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• Responsible for fixing prices and signing business deals
• Responsible for providing direction for the business
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• 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.

Garage Manager:

• Responsible for managing the daily activities in the used car garage
• Ensures that proper records of cars are kept and the garage does not run out of cars
• Ensures that the garage facility is in tip top shape and cars are properly arranged and easy to locate
• Interfaces with third – party suppliers (vendors)
• Controls distribution and supply chain inventory
• Supervise the workforce in the used car garage sales floor
• Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
• Models demographic information and analyze the volumes of transactional data generated by customer purchases
• Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Develops, executes and evaluates new plans for expanding sales
• Documents all customer contact and information
• Represents the company in strategic meetings
• Helps to increase sales and growth for the company
• Manages the organization website
• Handles ecommerce aspect of the business
• Responsible for installing and maintenance of computer software and hardware for the organization
• Manages logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems
• Manages the organization’s CCTV
• Handles any other technological and IT related duties

Accountant/Cashier:

• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Provides managements with financial analyses, development budgets, and accounting reports
• Responsible for financial forecasting and risks analysis
• Performs cash management, general ledger accounting, and financial reporting
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensuring compliance with taxation legislation
• Handles all financial transactions for the organization
• Serves as internal auditor for the organization

Client Service Executive

• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with customers on the phone, uses every opportunity to build client’s interest in the company’s products and services
• Manages administrative duties assigned by the human resources and admin manager in an effective and timely manner
• Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to customers when they make enquiries
• Provides information about warranties, manufacturing specifications, care and maintenance of merchandise and delivery options
• Responsible for cleaning and washing all the cars in the garage at all times
• Ensures that toiletries and supplies don’t run out of stock
• Cleans both the interior and exterior of the garage facility
• Handles any other duty as assigned by the garage manager

6. SWOT Analysis

Our intention of opening just one outlet of our used car dealership in Spruce, Chestnut and Walnut Streets – Philadelphia is to test run the business for a period of 2 to 5 years to know if we will invest more money, expand the business and then open other outlets in other cities in the United States.

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.

Jason Hyacinth® Used Car Dealership, Inc. employed the services of an expert HR and Business Analyst with bias in car dealership business to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. This is a summary of the SWOT analysis that was conducted for Jason Hyacinth® Used Car Dealership, Inc.;

Our location, business model (we will operate both a physical garage and online store), varieties of payment options, wide range of used cars from different manufacturing brands and models and our excellent customer service culture will definitely count as a strong strength for Jason Hyacinth® Used Car Dealership, Inc. So also, our team of highly qualify staff is also a plus for us.

A major weakness that may count against us is the fact that we are a new used car dealership garage in Philadelphia and we don’t have the financial capacity to compete with multi – million dollars used car garages when it comes to retailing at a rock bottom prices.

• Opportunities:

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. It is a fact that economic downturn affects purchasing/spending power. 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.

7. MARKET ANALYSIS

• Market Trends

Experts projected that in 2017, the used car dealership shops industry is expected to profit from growing global economic conditions. 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.

8. 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. Your target market can’t be restricted to just a group of people, but all those who desire to own a car.

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;

• Middle Class Families
• 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.

Jason Hyacinth® Used Car Dealership, Inc. is launching a standard dealership garage that will indeed become the preferred choice of residents of Spruce, Chestnut and Walnut Streets – Philadelphia and every other location where our outlets will be opened.

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.

One of our business goals is to make Jason Hyacinth® Used Car Dealership, Inc. a one stop used car dealership shop. 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.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Jason Hyacinth® Used Car Dealership, Inc. is in business to retail a wide range of used cars to the residents of Spruce, Chestnut and Walnut Streets – Philadelphia. In essence, our source of income will be the retailing of a wide range of used cars from different car manufacturing brands.

10. 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.

We are well positioned to take on the available market in Philadelphia and we are quite optimistic that we will meet our set target of generating enough profits from the first six months of operation and grow the business and our clientele base.

We have been able to critically examine the used car dealership industry, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to startups in Spruce, Chestnut and Walnut Streets – Philadelphia.

Below are the sales projections for Jason Hyacinth® Used Car Dealership, Inc. it is based on the location of our business and other factors as it relates to used car dealership garage startups in the United States;

• First Fiscal Year: $450,000
• Second Fiscal Year: $750,000
• Third Fiscal Year: $1.2 Million

N.B : This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and any major competitor within our market space. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

Before choosing a location for Jason Hyacinth® Used Car Dealership, Inc. we conduct a thorough market survey and feasibility studies in order for us to penetrate the available market and become the preferred choice for residents of Spruce – Philadelphia. We have detailed information and data that we were able to utilize to structure our business to attract the number of customers we want to attract per time.

We hired experts who have good understanding of the used car dealership industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Spruce – Philadelphia.

In summary, Jason Hyacinth® Used Car Dealership, Inc. will adopt the following sales and marketing approach to win customers over;

• Open our used car dealership garage in a grand style with a party for all
• Introduce our used car dealership garage by sending introductory letters alongside our brochure to households, offices and other key stakeholders in and around Spruce -Philadelphia
• Ensure that we have a wide range of used cars from different brands at all times.
• Make use of attractive hand bills to create awareness and also to give direction to our garage
• Position our signage/flexi banners at strategic places around Spruce, Chestnut and Walnut Streets – Philadelphia
• Position our greeters to welcome and direct potential customers
• Create a loyalty plan that will enable us reward our regular customers
• Engage on roadshows within our neighborhood to create awareness for our used car garage
• List our business and products on yellow pages ads (local directories)
• Leverage on the internet to promote our business
• Engage in direct marketing and sales
• Encourage the use of Word of mouth marketing (referrals)

11. Publicity and Advertising Strategy

Despite the fact that our used car dealership garage is well located, we will still go ahead to intensify publicity for the business.

Jason Hyacinth® Used Car Dealership, Inc. has a long-term plan of opening outlets in various locations all around key cities in the United States and Canada which is why we will deliberately build our brand to be well accepted in Philadelphia before venturing out.

As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand. Here are the platforms we intend leveraging on to promote and advertise Jason Hyacinth® Used Car Dealership, Inc.;

• Place adverts on community based newspapers, radio and TV stations
• Encourage the use of word of mouth publicity from our loyal customers
• Leverage on the internet and social media platforms like YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Google+ and other platforms to promote our business.
• Ensure that our we position our banners and billboards in strategic positions all around Spruce, Chestnut and Walnut Streets – Philadelphia
• Distribute our fliers and handbills in target areas in and around our neighborhood
• Advertise our used cars dealership business in our official website and employ strategies that will help us pull traffic to the site
• Brand all our official cars and trucks and ensure that all our staff members and management staff wear our branded shirt or cap at regular intervals

12. Our Pricing Strategy

Aside from quality, pricing is one of the key factors that gives leverage to used car dealership garages, it is normal for consumers to go to places where they can get used cars at cheaper prices which is why big players in the industry will attract loads of clients.

We know we don’t have the capacity to compete with big players in the used car dealership industry but we will ensure that the prices and quality of all the used cars that are available in our garage are competitive with what is obtainable amongst used car garages within our level.

• Payment Options

The payment policy adopted by Jason Hyacinth® Used Car Dealership, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Jason Hyacinth® Used Car Dealership, Inc. will make available to her clients;

• Payment via bank transfer
• Payment with cash
• Payment via credit cards / Point of Sale Machines
• Payment via online bank transfer
• Payment via check
• Payment via mobile money transfer
• Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for purchasing our used cars without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfers for our used cars.

13. Startup Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting/leasing a big facility, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be productive.

The materials and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a used car dealership business; it might differ in other countries due to the value of their money.

These are the key areas where we will spend our startup capital;

• The total fee for registering the business in the Unites States of America – $750
• Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $3,300
• Marketing promotion expenses for the grand opening of Jason Hyacinth® Used Car Dealership, Inc. in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580
• The cost for hiring business consultant – $2,500
• Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $2,400
• The cost for payment of rent for 12 months at $1.76 per square feet in the total amount of $105,600
• The cost for garage remodeling – $20,000
• Other start-up expenses including stationery ($500) and phone and utility deposits ( $2,500 )
• Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000
• The cost for start-up inventory (stocking with a wide range of used cars from different manufacturing brands) – $350,000
• The cost for counter area equipment – $9,500
• The cost for store equipment (cash register, security, ventilation, signage) – $13,750
• The cost of purchase and installation of CCTVs: $10,000
• The cost for the purchase of office furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al): $4,000
• The cost of launching a website: $600
• The cost for our opening party: $7,000
• Miscellaneous: $10,000

We would need an estimate of $750,000 to successfully set up our standard used car dealership garage in Spruce – Philadelphia.

Generating Startup Capital for Jason Hyacinth® Used Car Dealership, Inc.

Jason Hyacinth® Used Car Dealership, Inc. is a private registered business that is solely owned and financed by Jason Hyacinth and his immediate family members. They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the startup capital to 3 major sources.

These are the areas we intend generating our startup capital;

• Generate part of the startup capital from personal savings
• Source for soft loans from family members and friends
• Apply for loan from my Bank

N.B: We have been able to generate about $250,000 ( Personal savings $200,000 and soft loan from family members $50,000 ) and we are at the final stages of obtaining a loan facility of $500,000 from our bank. All the papers and documents have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

The future of a business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and the business structure. If all of these factors are missing from a business, then it won’t be too long before the business close shop.

One of our major goals of starting Jason Hyacinth® Used Car Dealership, Inc. is to build a business that will survive off its own cash flow without injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to retail our wide range of used cars a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Jason Hyacinth® Used Car Dealership, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

• Business Name Availability Check: Completed
• Business Registration: Completed
• Opening of Corporate Bank Accounts: Completed
• Securing Point of Sales (POS) Machines: Completed
• Opening Mobile Money Accounts: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Leasing of facility and remodeling the garage: In Progress
• Conducting Feasibility Studies: Completed
• Generating capital from family members: Completed
• Applications for Loan from the bank: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents and other relevant Legal Documents: In Progress
• Design of The Company’s Logo: Completed
• Graphic Designs and Printing of Promotional Materials: In Progress
• Recruitment of employees: In Progress
• Purchase of the needed furniture, computers, electronic appliances, office appliances and CCTV: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business both online and around the community: In Progress
• Health and Safety and Fire Safety Arrangement (License): Secured
• Opening party planning: In Progress
• Compilation of list of used cars available in our garage: Completed
• Establishing business relationship with vendors – used cars auction houses and other used cars dealership garages: In Progress

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Car Dealership Business Plan Template

Written by Dave Lavinsky

Car Dealership Business Plan

You’ve come to the right place to create your Car Dealership business plan.

We have helped over 5,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Car Dealerships.

Below is a template to help you create each section of your Car Dealership business plan.

Executive Summary

Business overview.

Wilson Toyota, located in Albuquerque, New Mexico, is a brand-new Toyota dealership that sells, leases, and services new and used Toyota vehicles. Our dealership will feature all the models that Toyota makes, from budget models to hybrids. In addition to our large inventory, we also offer in-house financing and service and repairs for all Toyota owners. With our competitive prices and world-class customer service, we plan to be the #1 Toyota dealer in the Albuquerque area in the next five years.

Wilson Toyota is led by Dylan Wilson who has extensive sales experience, including selling used cars for a previous employer. His experience and knowledge make him the perfect candidate to run a Toyota franchise.

Product Offering

Wilson Toyota will maintain an inventory of new and used Toyota vehicles. We will sell all Toyota models, including hybrid and electric vehicles. Some of the models we plan to sell include:

Wilson Toyota will also have a service center to help Toyota owners with routine maintenance, repairs, recalls, and part replacements. Additionally, Wilson Toyota will offer financing and insurance options for customers with all credit scores. Customers will find financing options at Wilson Toyota that they will not find at other area dealerships.

Customer Focus

Wilson Toyota will primarily serve the residents in the Albuquerque area. The city is home to thousands of families, professionals, and businesses in need of vehicles. We will offer budget vehicles to those who only need a basic model as well as luxury vehicles to those who have the disposable income to purchase something high-end.

Management Team

Wilson Toyota is led by Dylan Wilson who has been in sales for 20 years. Dylan Wilson has sold products in numerous industries, with his most recent experience being at a competitor dealership. Dylan Wilson is a car aficionado. He knows everything about the most popular models and how to find the perfect vehicle for every customer. His experience and knowledge make him the perfect candidate to run a Toyota franchise.

While Dylan Wilson has never run a dealership himself, he has worked in the industry for years. As such Dylan Wilson has an in-depth knowledge of the dealerships industry, including the operations side (e.g., running day-to-day operations) and the business management side (e.g., staffing, marketing, etc.).

Success Factors

Wilson Toyota will be able to achieve success by offering the following competitive advantages:

• Location: Wilson Toyota’s location is near the center of town, giving us access to thousands of residents, local office workers, and passersby shopping in the city.
• Great service at an affordable price: The complete array of auto services offered by Wilson Toyota is comprehensive, and Wilson Toyota will offer these services at a much more affordable price.
• Management: Our management team has years of business and marketing experience that allows us to market to and serve customers in a much more sophisticated manner than our competitors.
• Relationships: Having lived in the community for 25 years, Dylan Wilson knows all of the local leaders, newspapers and other influencers. As such, it will be relatively easy for Wilson Toyota to build brand awareness and an initial customer base.

Financial Highlights

Wilson Toyota is currently seeking $10 million to launch. Specifically, these funds will be used as follows:

• Lot design/build: $100,000
• Franchise fee: $400,000
• Inventory: $9 million
• Office equipment, supplies, and materials: $50,000
• Three months of overhead expenses (payroll, rent, utilities): $250,000
• Marketing costs: $100,000
• Working capital: $100,000

Company Overview

Who is wilson toyota, wilson toyota’s history.

Dylan Wilson incorporated Wilson Toyota as an S-Corporation in February 2023. The business is currently being run out of Dylan’s private office, but once the build-out on Wilson Toyota’s commercial location is finalized, all operations will be run from there.

Since incorporation, the company has achieved the following milestones:

• Found commercial space and signed Letter of Intent to purchase it
• Developed the company’s name, logo, and website
• Hired an architect to design the showroom
• Determined equipment and inventory requirements
• Begun recruiting key employees

Wilson Toyota’s Services

Industry analysis.

Wilson Toyota competes against other new and used car dealerships, as well as online-only auto dealers and private consumer sales. The major trend in auto sales is that more people are purchasing vehicles online rather than through a salesperson. To meet this challenge, Wilson Toyota will offer flexible online purchasing through our website.

Even though the industry is changing, it is still growing and remaining profitable. According to Mordor Intelligence, the industry is expected to grow at a CAGR of 4% over the next five years. Even with the increasing demand for public transportation and cleaner forms of transportation, vehicles are still an essential purchase for most Americans.

According to a report by the National Automobile Dealers Association, the car dealership industry is a fragmented one, as the majority of operators are single-location businesses and employ fewer than 20 people. The market is estimated to grow to over $1 trillion in five years. Since there are no truly dominant competitors, barriers to entry are not as high as in many other industries, and a start-up can expect to have success in this growing market, Wilson Toyota is well-positioned for success. There is plenty of room in the industry particularly for conveniently located dealerships that cater to specific demographic trends and demands. In this industry, size does not necessarily mean an advantage, which bodes well for Wilson Toyota.

Customer Analysis

Demographic profile of target market.

Wilson Toyota will serve the residents of Albuquerque, New Mexico and the immediately surrounding areas as well as those who work in the area.

The area we serve is populated mostly by middle-class Millennials; as a result, they have the means to pay for higher-quality vehicles. Further, many are looking to transition to hybrid or electric vehicles, and middle-class earners are the primary demographic for these types of vehicles.

Customer Segmentation

Wilson Toyota will primarily target the following customer profiles:

• Professionals

Competitive Analysis

Direct and indirect competitors.

Wilson Toyota will face competition from other companies with similar business profiles. A description of each competitor company is below.

Gibson Toyota

Gibson Toyota’s goal is to give its customers the best possible experience online and at its physical store. The professional and fun-loving sales team is committed to its customers’ complete satisfaction. Gibson Toyota prides itself on building relationships with its customers throughout all phases of the automotive journey whether it’s sales, service, or parts. Gibson Toyota provides auto sales and services for both new Toyotas and used cars.

While we expect that Gibson Toyota will continue to thrive. But since it is located in the next city, we expect more and more customers will frequent Wilson Toyota based on proximity and competitive prices we offer.

Johnson Auto

Johnson Auto is an independent used car dealership specializing in certified pre-owned vehicles. The team believes that the car-buying process should be as hassle-free as possible. The team takes pride in serving its customers to the fullest. The service center is one of the best in the area, and the team strives to get its customers back on the road as soon as possible. Johnson Auto maintains a convenient online parts inventory, and if a customer can’t find what they want there, the team will help them find what they are looking for. At Johnson Auto, the team is willing to answer each and every question a customer might have during the car buying process.

Wilson Toyota has several advantages over Johnson Auto, in that it specializes in selling and servicing one make of vehicle. Wilson Toyota will provide these specialized services at an affordable price point.

Foster’s Chrysler, Jeep, Dodge, Ram

Foster’s Chrysler, Jeep, Dodge, and Ram offers both new and used inventory, as well as providing service for these makes. The dealership also retails auto parts and accessories. This location also participates in Toyota Rent a Car, in which new Toyotas are rented by the day. Camrys rent for $48.50 per day and Corollas rent for $37.80 per day.

Foster’s Chrysler, Jeep, Dodge, Ram offers some services which are unique to the area, and thus we expect it will continue to draw a large clientele. However, because many of its services are geared toward a rental clientele, we expect to draw buyers who seek the same level of support.

Competitive Advantage

Wilson Toyota will be able to offer the following advantages over its competition:

• Relationships: Having lived in the community for 25 years, Dylan Wilson knows all of the local leaders, newspapers, and other influencers. As such, it will be relatively easy for Wilson Toyota to build brand awareness and an initial customer base.

Marketing Plan

Brand & value proposition.

Wilson Toyota will offer a unique value proposition to its clientele:

• Convenient location
• Large inventory of new and used vehicles
• Highly trained specialists
• Significant personal attention
• Moderate price point
• Comfortable, customer-focused environment

Promotions Strategy

The promotions strategy for Wilson Toyota is as follows:

Commute Advertising

We will drive attention toward Wilson Toyota by leasing a billboard alongside multiple highways. Advertising on heavily traveled commute routes is an opportunity to alert large numbers of working individuals with disposable income of our opening.

Website & SEO Marketing

The company will utilize the website and SEO to attract new customers. The website will be easy to navigate and provide all the information and pictures needed to show our dealership and the vehicles we sell. The SEO strategy will also be managed to ensure that anyone searching for new Toyota vehicles will see our company listed at the top of the Bing or Google search engines.

Social Media Marketing

Social media is one of the most cost-effective and practical marketing methods for improving brand visibility. The company will use social media to develop engaging content, such as educational content about vehicles and customer reviews that will increase audience awareness and loyalty. Engaging with prospective clients and business partners on social media platforms like Facebook, Instagram, Twitter, and LinkedIn will also help understand changing customer needs.

Advertisement

Advertisements in print publications like newspapers, magazines, etc., are an excellent way for businesses to connect with their audience. The company will advertise its brand in popular magazines and news dailies. Obtaining relevant placements in industry magazines and journals will also help in increasing brand visibility.

Wilson Toyota’s pricing will be competitive so customers feel they receive great value when shopping for a new car. The customer can expect to receive quality services and personalized attention when patronizing the dealership.

Operations Plan

The following will be the operations plan for Wilson Toyota.

Operation Functions:

• Dylan Wilson will be the Owner of the company. He will oversee all staff and manage the general operations of the company. He will also partake in customer service and sales until he has employed a full staff of sales professionals. Dylan has spent the past year recruiting the following staff:
• Janie Wilson will serve as the dealership’s Administrative Assistant. She will assist Dylan with all the operational, executive, and administrative aspects of the business. She will also manage the phones until Dylan hires a receptionist.
• Joe Smith will be the Services Manager. He will oversee all the operations of the services department.
• Maria Kenway will be the Sales Manager. She will oversee all the sales staff and help out with customer service, managing sales, and the appraisal process for used vehicles.
• Dylan will hire a full staff of service technicians and sales professionals to help with the service, sales, and customer services functions.

Milestones:

Wilson Toyota will have the following milestones completed in the next six months.

• 3/202X Finalize lease agreement
• 4/202X Design and build out Wilson Toyota
• 5/202X Hire and train initial staff
• 6/202X Kickoff of promotional campaign
• 7/202X Launch Wilson Toyota
• 8/202X Reach break-even

Financial Plan

Key revenue & costs.

Wilson Toyota’s revenues will come primarily from the sale of vehicles and secondarily from the sales of parts/accessories and auto services.

Labor expenses are a major cost driver for dealerships with service departments. Service technicians are salaried; therefore, attractive compensation packages are necessary to maintain qualified staff. Furthermore, large commissions help the dealership keep the best salespeople on staff. Other major cost drivers for the company include the lease, franchise fees, inventory and parts, and marketing expenses.

Funding Requirements and Use of Funds

Key assumptions.

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.

• Average annual franchise fees: $100,000
• Annual lease costs: $100,000

Financial Projections

Income statement.

Balance Sheet

Cash Flow Statement

Car Dealership Business Plan FAQs

What is a car dealership business plan.

A car dealership business plan is a plan to start and/or grow your car dealership business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can easily complete your Car Dealership business plan using our Car Dealership Business Plan Template here .

What are the Main Types of Car Dealership Businesses?

There are a number of different kinds of car dealership businesses , some examples include: New Car Dealers, Used Car Dealership, and Online Car Dealership.

How Do You Get Funding for Your Car Dealership Business Plan?

Car Dealership businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

This is true for a used car dealership business plan as well.

What are the Steps To Start a Car Dealership Business?

Starting a car dealership business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A Car Dealership Business Plan - The first step in starting a business is to create a detailed car dealership business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.  

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your car dealership business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your car dealership business is in compliance with local laws.

3. Register Your Car Dealership Business - Once you have chosen a legal structure, the next step is to register your car dealership business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws. 

4. Identify Financing Options - It’s likely that you’ll need some capital to start your car dealership business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 

7. Acquire Necessary Car Dealership Equipment & Supplies - In order to start your car dealership business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your car dealership business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

Learn more about how to start a successful car dealership business:

• How to Start a Car Dealership Business

Where Can I Get a Car Dealership Business Plan PDF?

You can download our free car dealership business plan template PDF here . This is a sample car dealership business plan template you can use in PDF format.

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How to Start a Used Car Business

Written by Dave Lavinsky

ON THIS PAGE

How to start a used car business.

• How To Start a Used Car Business FAQs

Helpful Videos

Additional resources in the used car dealership industry.

Starting a used car business can be very profitable. With proper planning, execution and hard work, you can enjoy great success. Below you will learn how to start a used car dealership successfully.

Importantly, a critical step in starting a used car dealership business is to complete your business plan. To help you out, you should download Growthink’s Ultimate Used Car Dealership Business Plan Template here.

Download our Ultimate Used Car Dealership Business Plan Template here

16 Steps To Start a Used Car Business

• Choose the Name for Your Used Car Business
• Develop Your Used Car Dealership Business Plan
• Choose the Legal Structure for Your Used Car Business
• Secure Startup Funding for Your Used Car Business (If Needed)
• Secure a Location for Your Business
• Register Your Used Car Business With the IRS
• Open a Business Bank Account
• Get a Business Credit Card
• Get the Required Business Licenses and Permits
• Get Business Insurance for Your Used Car Business
• Start Building Your Used Car Inventory
• Buy or Lease the Right Used Car Business Equipment
• Develop Your Used Car Business Marketing Materials
• Purchase and Setup the Software Needed to Run Your Used Car Business
• Start Building Your Team
• Open for Business

1. Choose the Name for Your Used Car Business

The first step to starting a used car business is to choose your business’ name.

This is a very important choice since your company name is your brand and will last for the lifetime of your business. Ideally you choose a name that is meaningful and memorable. Here are some tips for choosing a name for your own dealership:

• Make sure the name is available. Check your desired name against trademark databases and your state’s list of registered business names to see if it’s available. Also check to see if a suitable domain name is available.
• Keep it simple. The best names are usually ones that are easy to remember, pronounce and spell.
• Think about marketing. Come up with a name that reflects the desired brand and/or focus of your used car business.

2. Develop Your Used Car Dealership Business Plan

One of the most important steps in going into business as a used car dealer is to develop your used car dealership business plan . The process of creating your plan ensures that you fully understand your market and your business strategy. The plan also provides you with a roadmap to follow and if needed, to present to funding sources to raise capital for your business.

To enhance your planning process, incorporating insights from a  sample used car dealership business plan  can be beneficial. This can provide you with a clearer perspective on industry standards and effective strategies, helping to solidify your own business approach.

Your business plan should include the following sections:

• Executive Summary – this section should summarize your entire business plan so readers can quickly understand the key details of your used car business.
• Company Overview – this section tells the reader about the history of your used car business and what type of used car business you operate. For example, do you only offer used car sales or do you also have a service department?
• Industry Analysis – here you will document key information about the used car industry. Conduct market research and document how big the industry is and what trends are affecting it.
• Customer Analysis – in this section, you will document who your ideal or target customers are and their demographics. For example, how old are they? What is there income level? What do they find important when purchasing used cars?
• Competitive Analysis – here you will document the key direct and indirect competitors you will face and how you will build competitive advantage.
• Product : Determine and document what products/services you will offer
• Prices : Document the prices of your products/services
• Place : Where will your business be located and how will that location help you increase sales?
• Promotions : What promotional methods will you use to attract customers to your used car business? For example, you might decide to use pay-per-click advertising, public relations, search engine optimization and/or social media marketing.
• Operations Plan – here you will determine the key processes you will need to run your day-to-day operations. You will also determine your staffing needs. Finally, in this section of your plan, you will create a projected growth timeline showing the milestones you hope to achieve in the coming years.
• Management Team – this section details the background of your company’s management team.
• Financial Plan – finally, the financial plan answers questions including the following:
• What startup costs will you incur?
• How will your used car business make money?
• What are your projected sales and expenses for the next five years?
• Do you need to raise funding to launch your business?

Finish Your Business Plan Today!

3. choose the legal structure for your used car business.

Next you need to choose a legal structure for your used car business and register it and your business name with the Secretary of State in each state where you operate your dealership. Below are the five most common legal structures:

1) Sole Proprietorship

A sole proprietorship is a business entity in which the owner of the used car business and the business are the same legal person. The owner of a sole proprietorship is responsible for all debts and obligations of the business. There are no formalities required to establish a sole proprietorship, and it is easy to set up and operate. The main advantage of a sole proprietorship is that it is simple and inexpensive to establish. The main disadvantage is that the owner is liable for all debts and obligations of the business.

2) Partnerships

A partnership is a legal structure that is popular among small businesses. It is an agreement between two or more people who want to start a used car business together. The partners share in the profits and losses of the business.

The advantages of a partnership are that it is easy to set up, and the partners share in the profits and losses of the business. The disadvantages of a partnership are that the partners are jointly liable for the debts of the business, and disagreements between partners can be difficult to resolve.

3) Limited Liability Company (LLC)

A limited liability company, or LLC, is a type of business entity that provides limited liability to its owners. This means that the owners of an LLC are not personally responsible for the debts and liabilities of the business. The advantages of an LLC for a used car business include flexibility in management, pass-through taxation (avoids double taxation as explained below), and limited personal liability. The disadvantages of an LLC include lack of availability in some states and self-employment taxes.

4) C Corporation

A C Corporation is a business entity that is separate from its owners. It has its own tax ID and can have shareholders. The main advantage of a C Corporation for a used car business is that it offers limited liability to its owners. This means that the owners are not personally responsible for the debts and liabilities of the business. The disadvantage is that C Corporations are subject to double taxation. This means that the corporation pays taxes on its profits, and the shareholders also pay taxes on their dividends.

5) S Corporation

An S Corporation is a type of corporation that provides its owners with limited liability protection and allows them to pass their business income through to their personal income tax returns, thus avoiding double taxation. There are several limitations on S Corporations including the number of shareholders they can have among others.

Once you register your used car business, your state will send you your official “Articles of Incorporation.” You will need this among other documentation when establishing your banking account (see below). We recommend that you consult an attorney in determining which legal structure is best suited for your company.

4. Secure Startup Funding for Your Used Car Business (If Needed)

In developing your used car dealership business plan, you might have determined that you need to raise funding to launch your business.

If so, the main sources of funding for a used car business to consider are personal savings, family and friends, credit card financing, bank loans, crowdfunding and angel investors. Angel investors are individuals who provide capital to early-stage businesses. Angel investors typically will invest in a used car business that they believe has high potential for growth.

5. Secure a Location for Your Business

Having the right physical location can be important for your used car business is important. You will need enough lot space to showcase your inventory, as well as office space for your team. Finding a location that will bring in customers is also key.

To find the right space, consider:

• Driving around to find the right areas while looking for “for lease” signs
• Contacting a commercial real estate agent
• Doing commercial real estate searches online
• Telling others about your needs and seeing if someone in your network has a connection that can help you find the right space

6. Register Your Used Car Business With the IRS

Next, you need complete business registration with the Internal Revenue Service (IRS) which will result in the IRS issuing you an Employer Identification Number (EIN).

Most banks will require you to have an EIN in order to open up an account. In addition, in order to hire employees, you will need an EIN since that is how the IRS tracks your payroll tax payments.

Note that if you are a sole proprietor without employees, you generally do not need to get an EIN. Rather, you would use your social security number (instead of your EIN) as your taxpayer identification number.

7. Open a Business Bank Account

It is important to establish a bank account in your business name. This process is fairly simple and involves the following steps:

• Identify and contact the bank you want to use
• Gather and present the required documents (generally include your company’s Articles of Incorporation, driver’s license or passport, and proof of address)
• Complete the bank’s application form and provide all relevant information
• Meet with a banker to discuss your business needs and establish a relationship with them

8. Get a Business Credit Card

You should get a business credit card for your used car business to help you separate personal and business expenses.

You can either apply for a business credit card through your bank or apply for one through a credit card company.

When you’re applying for a business credit card, you’ll need to provide some information about your business. This includes the name of your business, the address of your business, and the type of business you’re running. You’ll also need to provide some information about yourself, including your name, Social Security number, and date of birth.

Once you’ve been approved for a business credit card, you’ll be able to use it to make purchases for your business. You can also use it to build good credit which could be very important in securing loans and getting credit lines for your business in the future.

9. Get the Required Business Licenses and Permits

Every state, county and city has different business license and permit requirements.

Nearly all states, counties and/or cities have license requirements including:

• General Business License – You need a license to operate almost any type of business, including one to sell cars. Check your local guidelines for licensing requirements.
• Seller’s Permit – A seller’s permit is needed to sell vehicles. The requirements for getting a seller’s permit vary from state to state.
• Dealer’s License – Getting a car dealer license is important if you plan on buying or selling more than five cars in a year. These licensing requirements also vary depending on your state.

Depending on where you launch your used car business, you will have to obtain the necessary state, county and/or city licenses.

10. Get Business Insurance for Your Used Car Business

Business insurance policies that you should consider for your used car business include:

• General Liability Insurance – You will need to purchase general liability insurance in order to protect your business from potential lawsuits. This type of insurance will cover damages that may occur as a result of your business operations.
• Business Liability Insurance – In addition to general liability insurance, you will also need to purchase business liability insurance. This type of insurance will protect your business from potential lawsuits that may arise from injuries that occur on your premises.
• Commercial Property Insurance – You will need to purchase commercial property insurance if you own a used car dealership. This type of insurance will protect your business from potential damages that may occur to your property as a result of your business operations.
• Workers’ Compentation Insurance – You will need to purchase workers’ compensation insurance if you have employees working for your used car dealership. This type of insurance will protect your business from potential lawsuits that may arise from injuries that occur to your employees while they are working for your business.
• Product Liability Insurance – You will need to purchase product liability insurance if you sell used cars that are under warranty. This type of insurance will protect your business from potential lawsuits that may arise from damages that occur to a customer’s vehicle as a result of a defect in the vehicle.
• Garage Keeper’s Insurance – This type of insurance will protect your business from potential lawsuits that may arise from damages that occur to a customer’s vehicle while it is in your care.
• Dealer’s Open Lot Insurance – This type of insurance will protect your business if a vehicle is damaged while being driven by an employee or test-driven by a customer.

Find an insurance agent, tell them about your business and its needs, and they will recommend policies that fit those needs.

11. Start Building Your Used Car Inventory

The most common way to build inventory for a used business is to attend auctions where used cars are being sold. Just register with your local auction houses to receive notifications when new auctions are happening.

You can also find used cars for sale through online classifieds and social media. Just be sure to research the vehicles and their value, including how much you could make from selling them, before you buy.

12. Buy or Lease the Right Used Car Business Equipment

A used car business needs a lot of equipment in order to run successfully. Some of the most important pieces of equipment are computers, printers, and a fax machine. It’s also helpful to have a cash register, as well as racks or shelves to store the cars. Be sure to also have a phone system able to handle multiple calls.

Additionally, you might need office furniture and supplies for your team, as well as reception furniture for your customers. Many used car dealers offer vending areas or free refreshments such as coffee to waiting customers.

13. Develop Your Used Car Business Marketing Materials

Marketing materials will be required to attract and retain customers to your used car business.

The key marketing materials you will need are as follows:

• Logo – Spend some time developing a good logo for your used car business. Your logo will be printed on company stationery, business cards, marketing materials and so forth. The right logo can increase customer trust and awareness of your brand.
• Website – Likewise, a professional used car business website provides potential customers with information about the products and/or services you offer, your company’s history, and contact information. Importantly, remember that the look and feel of your website will affect how customers perceive you. Update your website regularly if you plan to showcase your inventory online.
• Social Media Accounts – Establish social media accounts in your company’s name. Accounts on Facebook, Twitter, LinkedIn and/or other social media networks will help customers and others find and interact with your used car business. Social media platforms are also great places to share new inventory and deals, market to past customers, and bring in new customers.
• Ad Materials – Many used car businesses run ads in local newspapers and on TV and radio stations. Be sure to have your ad materials ready to go.

14. Purchase and Setup the Software Needed to Run Your Used Car Business

A used car business needs software that can help them manage their inventory, track sales and purchases, and manage customer information. Some popular software options for used car businesses include Microsoft Dynamics GP, QuickBooks, and CarLotz Manager.

15. Hire and Train Staff

Your used car business will need employees who can sell inventory, help your customers with financing, and service vehicles.

The sales team should be knowledgeable about cars and able to provide excellent customer service. They will be responsible for helping customers find the right car for their needs and negotiating a fair price.

A good finance team should be able to work with different lenders to secure financing options for customers. They will also need to be able to explain the different warranty and protection plans available.

Your service technicians should be Automatic Service Excellence (ASE) certified and able to perform basic maintenance and repairs on the cars in your inventory.

To find the right candidates, consider posting job openings in local newspapers or online. You might also reach out to existing connections.

16. Open for Business

You are now ready to open your used car business. If you followed the steps above, you should be in a great position to build a successful business. Below are answers to frequently asked questions that might further help you.

How to Finish Your Used Car Dealership Business Plan

Don’t you wish there was a faster, easier way to finish your business plan?

With Growthink’s Ultimate Used Car Dealership Business Plan Template you can finish your plan in just 8 hours or less!

Is It Hard To Start a Used Car Business?

The answer is both yes and no. It all depends on how you approach it and what your goals are.

If you're just looking to make a quick buck, then yes, it can be quite difficult. There's a lot of competition out there and you need to be able to stand out from the crowd. However, if you're serious about starting a used car business and you're willing to put in the work, then it can be a very successful venture. Your biggest challenges to begin will most likely be building your inventory and securing a location. Following the steps outlined above will help you get started.

How Can I Start a Used Car Business With No Experience?

The first step is to do industry and market research. Learn about the different aspects of the business, such as the types of cars that are in demand, how other used car dealerships are setting their prices, and how much you will need to spend on inventory, licensing, employee salaries, and other costs before you start making money. Finding an experienced mentor in the used car industry could also help you gain some helpful insights.

What Type of Used Car Business Is Most Profitable?

The most profitable type of used car business will vary depending on your location, target market, and other factors. However, some tips to help you choose a profitable niche include focusing on a specific type of vehicle (such as luxury cars or SUVs), targeting a particular price range, specializing in just one brand, or catering to a specific customer base (such as first-time buyers or experienced collectors).

How Much Does It Cost To Start a Used Car Business?

The cost of starting a used car business will depend on a number of factors, such as the size and location of your dealership, the number of vehicles you plan to stock, and whether you intend to hire any staff. However, you can expect to spend at least several thousand dollars on inventory and several hundred dollars on licensing and permits. Additionally, you'll need to factor in the cost of leasing or purchasing a property for your dealership, as well as any advertising and marketing expenses.

Key costs to keep in mind include:

• Building lease or purchase and renovation
• Equipment and professional installation
• Store fixtures and office equipment and supplies
• Surety bond

What Are the Ongoing Expenses for a Used Car Business?

Ongoing expenses for a used car business include the cost of maintaining inventory, such as paying for storage, repairs, and cleaning; the cost of staffing (if you choose to hire employees); and the cost of marketing and advertising. You will also need to factor in the cost of property taxes and insurance for your dealership.

Key ongoing expenses to keep in mind include:

• Inventory purchases
• Inventory repairs/service
• Leases for building and/or equipment
• Equipment and building maintenance

What Are the Key Costs in the Used Car Dealership Industry?

Purchases are the greatest expense for a car dealership owner and account for over 84% of revenue. In addition to purchasing used cars at auction and from customer trade-ins, used car dealers must also repair and recondition these vehicles.

Wages are also a major expense, but increased automation with regard to inventory management and online cataloging has resulted in minimal wage growth.

Marketing costs can be significant for a successful car dealership. According to the National Independent Auto Dealers Association, car dealers spend 33.6% of their marketing budget on internet advertising.

How Does a Used Car Business Make Money?

A used car business makes money by selling vehicles for more than the cost of acquiring and maintaining the inventory. The profit margin on each sale will vary depending on the make and model of the vehicle, as well as market conditions. Some used car dealerships also make money from offering vehicle services and repairs.

Is Owning a Used Car Business Profitable?

Yes, owning a used car business can be profitable. However, the amount of profit you make will depend on a number of factors, such as your inventory, overhead costs, and selling prices. 

Additionally, the profitability of your business may fluctuate from month to month or year to year depending on changes in the market. Navigating these fluctuations is key to making money for used car dealership owners.

Why Do Used Car Businesses Fail?

There are a number of reasons why used car businesses fail. Some common causes of failure include poor planning, inadequate capital, overspending on inventory, and failing to adapt to changes in the market. Additionally, many used car dealerships are unsuccessful due to competition from larger businesses or because they are unable to generate enough sales to cover their expenses.

How Big Is the Used Car Dealership Industry?

IBISWorld reports the Used Car Dealership industry has had a net decline over the past five years, due to the Coronavirus, at an average annual rate of -1.6%. Next year, the industry’s 129,553 businesses are forecast to see $99.1 billion in collective revenue.

What Are the Key Segments of the Used Car Dealership Industry?

Used cars account for over half of industry revenue. This excludes vans, minivans, and trucks.

The remainder of industry revenue is generated from other used vehicles, parts and repair services, and financing and insurance.

What External Factors Affect the Used Car Dealership Industry?

A number of factors affect the performance of the Used Car Dealership industry. These drivers include:

• Per Capita Disposable Income – When consumers have more money to spend, they become more willing to spend on expensive discretionary items, such as used cars. 
• Price of New Cars – Buying a used car is a more affordable alternative to purchasing a new car. 
• Aggregate Household Debt – Consumers are still less likely to invest in nondiscretionary items such as cars when debt is high. 
• Average Age of Vehicle Fleet – As the average age of vehicle fleets increases, it represents greater pent-up demand for vehicles. 
• World Price of Crude Oil – High gasoline prices tend to decrease new and used vehicle sales.

Who Are The Key Competitors In The Used Car Dealership Industry?

The Used Car Dealers industry is highly fragmented, with nonemploying dealerships representing more than 80.0% of establishments. As a result, the industry exhibits a low level of market share concentration, with the four largest operators accounting for an estimated 19.3% of industry revenue. In fact, just one company holds significant market share in the Used Car Dealership: CarMax, with a 17.9% marketshare leads the industry, while America’s CarMart, Carvana Co., and Enterprise Car Sales each command just a fraction of the market.

What Are the Key Customer Segments in the Used Car Dealership Industry?

The largest customer segment (37.5%) in the used car dealer industry is consumers who have prime credit scores. Other segments include Subprime, Nonprime, Super prime, and Deep subprime customers.

Where Can I Download a Used Car Dealership Business Plan PDF?

You can download our used car dealership business plan PDF template here. This is a business plan template you can use in PDF format.

Facts About Used Cars

Growing a Successful Used Car Dealership

Startup Car Dealership Success Story

Used Car Dealership Merchandising Examples

For additional information on the used car dealership industry, consider these industry resources:

• National Alliance of Buy Here Pay Here Dealers https://niada.com/
• National Automobile Dealers Association www.nada.org
• National Independent Automobile Dealers Association www.niada.com
• Used Car News www.usedcarnews.com

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.

Click here to see how a Growthink professional business planner can create your business plan for you.   You can download a PDF version of our used car dealership business plan template here .

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Used Car Dealership Business Plan Sample

Published Dec.20, 2015

Updated Apr.24, 2024

By: Cynthia Turner

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Table of Content

Buy and Sell Cars Business Plan for starting your own Dealership

Almost every individual uses a vehicle for their personal usage or business purpose. If you own a car, then you have to maintain it as well. Consequently, consumers require seeking out the car traders to purchase vehicles and get them serviced. It is suggested to have the knowledge of the investment required in opening and managing a car dealership, though, may need huge investment. You have to think about the process religiously before thinking to open a vehicle franchise business plan .

Starting the used vehicle franchise has become an extremely difficult process because the official regulations imposed an array of unique restrictions, as well as the number of various resources from insurance & licensing to asset values, has considerably increased. The success in any work is entirely based on the detailed earlier research and grounding to ease the hassle of loss and increase the probability of success. For this reason, people are seeking for the best and perfect work guide to get success soon. Various ways and techniques are available to reach your goal, but the specially developed car dealership business plan makes the task much simpler and efficient. This is significant to create a sample for your work proposal to avoid the unwanted errors.

About Car Dealership Business Proposal

Now, many used vehicle franchise owners use different types of business approaches, but they fail to reach their goal due to a few reasons. To overcome the drawbacks, they look for an outstanding solution. The used vehicle franchise business policy is the best solution for the customers who would like to be on an exact course for victory in this profitable industry. Along with this, the user vehicle franchise policy effectively addresses each and every aspect in order to get success and reach the desired work goal within short time duration. Along with this, it assists people to start a used vehicle franchise without facing any difficulties. These are a few of the used car dealership policy’s highlights which attracts lots of users towards it and encourage them to create a sample of work proposal before creating an original work proposal.

Guide to Starting a Used Car Dealership

People who would like to open a used car dealership; they should carefully make the best and effective proposal for their car distributorship trade. A proper strategy brings them an overall idea about a used car dealership area. It’s significant to perform some essential tasks before developed a business proposal for a car dealership.

Accessing the Users’ Requirements

The initial step in every field is to check if there is any requirement for the service or product. When you are sure about the requirements, you need to make sure that your organization would fulfill a few of clients’ requirements. This kind of market study would surely assist you to find out if there is any requirement for a freshly used car dealership in the present era. Along with this, you should also understand who your potential client is. When you find your potential buyer, you can think of opening your firm to satisfy their requirements.

Choose the Best Dealership Type

There are various kinds of car dealership trade ideas available, so you should carefully select the best one based on your individual requirements. Choosing the right franchise type isn’t an easy task because there are numerous choices available to select. To avoid the inappropriate one, you should check the positive and negative points associated with purchasing and dealing the fresh and used vehicles both. These are the most essential aspects which assist you to select the suitable type of distributorship easily and this way you would be able to employ the best proposal sample. While speaking about used vehicle franchise business, it’s a highly preferred professional idea, which you can utilize effectively. If you would like to get success in this particular field, you would require developing an outstanding business proposal car dealership.

Strategize Your Financial Sources

The normal vehicle franchise firm might need a huge amount of cash to start and operate it both. Every individual is well-known that financing the vehicle franchise is a big commitment. There are various types of financial sources available now, but only a few fulfills your franchise requirements. These are the most significant considerations that not only assist you to create a sample for your used vehicle franchise policy, but it also assists you in creating a precise business proposal for a car franchise in an easier manner. By using these exceptional and most essential guidelines, you may easily create both the sample and actual proposal in an outstanding manner.

Highlights of Dealership Business Strategy

If you would like to open a vehicle franchise, you should have to come up with a properly-written mission statement, advertising, projected financials & operating strategies. These are the most useful aspects which assist you to start and maintain the car distributorship of various kinds. The professionally designed and an effective used business plan dealership cover an extensive range of useful factors. These are the most attractive features of used car dealership plan that make it as essential documents which can easily attract the potential investors, including traditional lenders, equity investors, and others towards the policy. The sample of vehicle franchise strategy also provides the similar benefits of actual trade plan, so you can utilize it without any hesitation. If you desire to know about the major factors covered by this proposal, you can read this following passage carefully.

Inventory Sources

Many firm vendors face some difficulties while choosing the best inventory source, because there are numerous choices available to select that including rental and insurance companies, trade-ins, vehicle auctions or anything. Most of the savvy professional individuals will set up various sources to keep their inventory flowing constantly. Providing clients an excellent range of vehicles and trucks is an excellent technique for increasing your sales.

All types of vehicle franchise organization require a huge amount of free area for a trade building and an auto inventory. The zoning laws will differ from a location to another location, so you may immediately make an outstanding business plan for used car dealership. The location finds out clearly how much a dealer should spend in renting or purchasing a property. While speaking about the prime locations, these are the highly expensive as they are present in the well-connected locations.

Initial Cost

The charges of opening a used car dealership are at its lowest while the car distributorship is opening the record or rented is tiny or includes cars on delivery. Though the predictable initial investment may be huge while the distributorship is bought in a greater value region of the city, expensive cars are purchased, as well as a huge shop is constructed. Other expenditures consist of a surety bond & authorizing. While speaking about surety bond, it’s a pledge to pay some charges for different negative occurrences which can happen. They contain supplying inappropriate titles, several mechanical failures which may create injuries or even death, vehicles traded with due liens, vehicles traded without revealing re-claim record, and further complex events which create the customer problems or any type of damage. The charges of surety bond may obtain quite bigger if any applicant never has the sterling credit score.

In fact, if the vehicle franchise can help users with easily financing anyway, this would be simpler to have more sales. Or else, users should find their individual financial that will create some individual to visit elsewhere. You have to indicate all these important factors in your sample.

Floor Preparation

If you would like to how to start a car business, you should understand the significance of getting a short-term financial assistance to buy inventory. Along with this, you may also have a clear idea about the floor preparation, that it must be added to your used car dealership plan. Naturally, the best floor plan allows you to purchase lots of vehciles on credit. Many lenders provide the independent car dealers with essential financial assistance.

The advertising policies used are essential to success as this will maintain a constant flow of buyers visiting the franchise, who can after that refer other individuals. The advertising policies consist of advertising through newspaper and television, billboards, trade shows & through the internet.

There are lots of startups just have one staff, known as a franchise owner. Other types of franchises hire some salespersons, someone to properly manage the consumer financial process, as well as a receptionist. Along with this, the cars would also require proper cleaning as well as a few would require mechanical repairs or services. The franchise possessor may either recruit individuals to do the tasks. The needed people based upon the overall size of vehicle franchise trade, the entire number of cars, and also on the planned operating hours. Along with this, you may also consider the user who would perform these tasks and can also handle all types of lawful affairs. These are a few major aspects of a sample of business plan dealership .

Suitable Destination to Sell Used Automobiles

The used franchise business plan dealership might clearly show owners would directly sell vehicles online, something turned into a normal incident. This is suggested to check how people can arrange the observing or getting the delivery whether they are pleased with what people actually see online as well as forgo a proper inspection. These are the major aspects of trade proposal sample that helps anyone who would like to open the used vehicle franchise in an easier manner.

The online car trading is only wining while the internet record is precise and explains the vehicles accurately. The record maintenance needs to have direct access to experts with the experience to uphold, remove and add car records. This would be essential to make a platform for daily follow-up with internet based inquiries. The main drawback of online trading is receiving unwanted reviews or comments from certain clients on various online platforms who are unsatisfied with how a firm handled transactions or unsuccessful to react to queries.

Opening on a Small Scale & See the Growth

Beginning a vehicle franchise requires an effective approach and proposal. Individuals who are already in this business say that opening small allows you to grow as quickly as sales let to keep profitability. This is highly tempting with regards to open large inventory effectively sitting on the franchise is joined up investment. The business plan used car dealership will make sure that your things pass every stage of initial step as well as analyze each and every financial need. These are the most essential considerations that help interesting people to start the used car dealership firm without facing any difficulties. If you desire to gain the benefits, you can immediately develop an effective and superior proposal. Many people face certain difficulties while creating a sample or precise work proposal for their vehicle franchise policy. For this reason, so they are seeking for the professional assistance.

Get expert advice online

There are myriad of ways and techniques available to create an outstanding and effective vehicle franchise business plan, so you can carefully select the right one based on your organization opening requirements. Hiring the best plan consultants online is a smart way to get professional assistance and reliable services. The most reliable experts have lots of precise skills who are always ready to aids you with creating an effective document which is superior quality. Along with this, it also has the capability to attract lots of investors. If you desire to know more details regarding the management experts, you can visit the website from where you can get an excellent range of firm related services. These are the most essential services that assist you to create an outstanding proposal. The smart policy allows you to open the used vehicle franchise business and get success soon.

Obviously you must know that by purchasing used cars, you will save lot of dollars on a single go. So customers who are economical buy the reconditioned vehicles to reduce burden of expenses. Well, they need someone whose business strategy plan used vehicle business backup will enable them to buy automobiles spending small amount of money. Used vehicle is always profitable if it works better. Apply innovative used vehicle franchise business ideas to find the car dealers, for money, who are eager to assist you to purchase a used vehicle at smart price. Get best guidance for starting a used car business. Take training about how to start your own car dealership. Best reviews on how to start a dealership shop must help you to run used vehicle franchise business.

Tips for You to Open Reconditioned Auto Storefront

Similarly, if you are not a business customer, you have to think of earning money by selling used cars to customers. This car selling business idea is profitable to get money. Well, car dealership business is naturally beneficial to an entrepreneur to get money without heavy investment in this industry. Go through the success stories of big business magnets how to start up a used car dealership business from the scratch for money earning. Automotive used car dealership industry is running successfully with lot of futuristic used vehicle franchise business policies for newcomers to launch profitable used vehicle franchise business for having large amount of money.

To be frank, right now new brand franchise vehicles are very costly. In America, the prices of new aerodynamic cars are sky rocketing to threaten up the middleclass buyers. Rich persons are only capable of buying eco friendly new cars with good insurance packages. However, the used vehicle business field is vying successfully to entice frugal buyers to bring reconditioned four wheelers with cost effective insurance packages to home without overspending money. The automobiles which are used or repaired must be cost effective. The car maintenance idea is also less costly without investing lot of money. Besides, business customers don’t have try hard to issue new business licenses if they decide to buy used dealership cars with auto insurance packages for personal usage.

A used car business dealer has the profit making bank when he enters into this business plan dealership . He finds the good franchise vehicles sellers for customers who need to buy franchise used automobiles at low prices. These dealership used vehicles on insurance packages have been refurbished and reconstructed. In-car accessories have been modified or totally replaced. The dealership car chassis is new and the tyres are capable of bearing road friction. As a used car dealership entrepreneur, try to design a proposal how to start your own agency successfully. Basically business dealership used cars dealers are middlemen or brokers who are professional to deal with customers. Big car selling companies contact these business cars dealers to find good customers.

On the other hand, business franchise car buyers are eager to talk to professional car dealers to have genuine contacts with used vehicle sellers. So a car dealer gets commissions without investing money to expand or promote the dealership car selling business. Learn how to start a car dealership with no money. Start used car business after doing a compact table work. Naturally, solid car dealership policies/ idea must have result oriented ideas to start a business plan dealership , car selling ideas for money, innovation in the car dealership business more meticulously .The fact is that new franchise car sellers are not properly aware of the demand of business consumers who are very strict to buy used automobiles. They search for authentic information, prices, and complete business car dealership stat report on the list of used cars before making the written business commitment in this connection.

A reliable used vehicle business franchise agent with ideas has information how to buy the used vehicles easily. He has the dependable used car sellers who have industry specific and very qualitative used cars with complete papers to enable economical cars buyers to buy vehicles without wasting money. Used vehicles are available for anyone. However, the quality must differ. Besides, often it is not possible for a business car buyer to get the favorite model in his home state. In that case, car dealership business agents have dealership policies, ideas, tips and effective contact list to help customers to buy the used business cars.

Terms and conditions are easy for customers to follow in the event of completing the business transactions with car sellers. Well, therefore to become a good used vehicle franchise business agent to earn money successfully, you need to hand craft a complete business proposal how to start a used car business. Your business inventory should have a list of top business dealership brands for enticing customers. For instance, Chevrolet, fast track vehicles, aerodynamic cabriolets, 9 compartments limos, and convertible SUV models are really rivals in the automotive industry/ business.

The field is booming for used vehicle business dealers. They are very active and competent to roam for gathering information for business customers. Well, though franchise used cars are now favorable to people for usage, the durability of these business used vehicles must not be short lived. Besides, it is still expensive to bring back business plan dealership used cars from other states. Customers will have to bear business transportation cost as well. Therefore, local buyers like to locate the best used cars dealer agents or competent professional business brokers for satisfactory franchise business deals online. An experienced used cars dealer is not stuck to his own state. He has the vast field for business communication with car sellers living in different states. They collect brands to revise for resetting the car selling franchise business policy.

So, business ideas and business homework for business are needed for you to proceed stepwise. Needless to say, used automobiles stored in shops should be strong, durable, eco-friendly. The used car compartments should be spacious with innovative safety /childcare accessories. This vehicle redesigning process should be unique. However, your dealership used cars with insurance packages should not be much pricey comparing to the dealership brand vehicles kept in shop for sales. So, calculate the cost of business cars repairing, and maintenance to convince business buyers. Moreover, dealership used cars are also energy efficient. Therefore, economical dealership business cars buyers are interested to purchase only good quality used cars to manage their maintenance cost.

For this reason, you must be well trained with good business policies and ideas to start promoting our used car dealership business. The scope of investment in the automotive business market is expanding due to the flexibility to get easy used car dealership business loans to renovate companies. You are the efficient car dealer with knowledge/ idea to have lot of known brand business models which are now overused. However the condition of these used or reconditioned vehicles is appreciable. If legal business papers are properly reset and cross verified without any error, it is the best way to have only cheap or affordable used cars to undergo hassle free car trips. Search for best tips how to start a used car dealership.

Need Compact Used Auto motive Business Management Support –Tips?

See, ignorance should be wiped out to brighten up the future. Illiteracy is a bane and the effect must not be beneficial to anyone. Therefore, you must upgrade your thinking method using your wisdom. Similarly, if you are not efficient for starting car dealership business, you must need the information from experts. It must not be a stagnant water pond for you to swim. Expand your imagination and utilize the best methods to redesign what you plan. One of the factors lying hidden for starting mini cars dealership business is the hassle free business management. You don’t need handsome capital for opening starting cars dealership business. That’s why; you should do dealership business table work depending on specific objectives and extrapolated facts at hands. What is your objective or vision? Starting a car dealership business, you need a complete infrastructure for basic business transaction related paperwork.

Well, right now, it must be easy for you to contact various business car sellers whose offices are located in various states .Earlier; used car dealers for business had to travel in other metro cities and states to sit for discussion with their clients. The business promotion in the automotive field was not flexible. It was not cool to have good deals to take care of. Used cars dealers had had to check the conditions of the used cars by going to the factories. Then, he needed professional automotive engineers to see the used branded business cars meticulously. In addition, the complete legal paper work is required before taking the possession of used cars. However, at present, it has become more convenient for starting small size used car dealership business/shop in any particular location. A used cars dealership entrepreneur is not basically required to establish a costly set-up for running business.

Nor is it urgent for him tohire100employees for starting commercial business deals. The used cars business dealers should be much knowledgeable about the business trend and existing business ambience in the used cars dealership industry. Initially, what you are supposed to need is to open a small business plan dealership office for faster communication. Certainly, it will not be a big used car shop but it must be a small corporate office for dealing. Start-up cars dealership business agency must undergo modernization. Frankly speaking, people use only modern tools like mobile handsets, computers, internet and tablets to manage their regular tasks.

So, be steady with strong determination to tune up the industry in much better way. Cross check the recent dealership industry statistics to have basic knowledge and grow good familiarity with profitable used car dealership market for long lasting dealing. It is much more fantastic for a start-up used cars dealership entrepreneur to track the on-going car selling process in the automotive field to be confident to start a used car dealership.

Vast Study to Open Storefront to Sell Used Vehicles

Informative stat report and research based articles must be solid ingredients to have innovative used cars dealership business promotion ideas with new promotional ideas. Locate the particular states where the dealership industry trend is very high to buy used cars. Therefore, you must have promising management projects/ idea, innovative samples and free quotes to manufacture a workable competitive financial budget to control your overall expanses in starting the lucrative business plan dealership . Initially, your basic research must be a trial for an entrepreneur to demonstrate. Learning has no limit and regularly you must have new dealership ideas to chalk out more dynamic management theories/ idea to invest funds in the used cars selling market. Internet navigation is now so majestic that people feel distressed without using internet for various purposes.

Comparison is a must. When you have desires of starting a new cars dealership agency, you must not trail behind. Accumulate information from multiple dealership business sources. Online sites will give you a reliable comprehensive support to complete tasks including free trial demonstration. In America, 44 million used cars were quickly handed over to customers by 2005. However, only 17 million new vehicles were sold. Therefore, strategically, it is seen that Americans are happy to drive used cars to avoid expenses. This business graph is very effective for a new used cars dealership entrepreneur for starting investing. At present, the dealership business innovation takes place in major automotive sectors including the used cars dealership selling market as well. So, you must not waste your resources when you are very much enthusiastic to run a business to get good financial support.

Used cars dealership industry is offering a new platform for those who need cost effective driving service plus online info. So, convince them how to get lot of benefits by purchasing dealership used cars from the flea business market. A used car is not a new brand. Someone has used this used vehicle. However, it is not totally damaged or incapable of running at high speed. Condition of the used car is not bad as well. So, this used car is on sale. The cars dealership agents contact the sellers and update the site. At this juncture, you must need better advertising ideas to promote cars dealership business. To be frank, internet based business marketing portal is now another attractive niche to enable million people to get information without delay. Within fraction of second, Google offers completed e-books, files and research based data free. Simply, open a new optimized business website for dealership advertising.

Your old used cars must be visible online to entice customers. You are a car dealer and you must have good business communication system to deal with customers for doing business transactions successfully. Needless to say, you must be aware of the requirements of modern business buyers who are not willing to buy classic fast track cars which have very old fashioned models. Then your website must have fleets of nice vehicles of selected brands. Used cars in different states are sold. However, people should have a particular place where possibility of getting only standard used cars is very high. Certainly, the availability of affordable used cars with excellent insurance packages must boost up economical people to hit the internet with expectation of finding glossy vehicles in smart prices.

Deep Market Analysis Required to Invest in Auto Business

The marketing business plan dealership field is not stuck off. New advanced technology is fast changing the process of product advertising and business branding. Conventional business theories are modified by dishing out more workable and competitive dealership policies to help budding entrepreneurs to survive even in tumultuous recession. Design new business ideas and you must search for innovation in the project implementation. Marketing idea must be compact and effective. Today, internet is in home, café, and even in bathroom.

People get access to Google while travelling by cars. They have smart phones to open the sites to see what is brewing up in the furnace online. Introduce a cross device compatible upgraded e-commerce business portal which must have few innovative dealership tools including

• fast page viewing feature,
• link building tools,
• quick registration system,
• data management portal,
• online dashboard,
• advanced plug-in ,
• new adds-on,
• business bookmarking system,
• faster business data transfer tools as well.

While you do business marketing, readers must not be in state of discomfiture and stress because of disorders in page viewing. Online gallery for practical idea must be open with lot of sample models to show. Seasons change to energize people to go for different outdoor expeditions and recreational campaigns held in beautiful states.

Our work with OGS Capital company and its partner Alex Silensky

Having the business plan is a foundation for every company and it is very important for us too. We are owners of Natural Dental Therapeutics LLC. Our experience with OGS Capital and especially, with Alex Silensky on developing a business plan for our company was very productive. There are distinctive aspects of the OGS Capital company and it’s partner Alex Silensky work : professionalism, responsibility, and almost immediate communication on all our requests and comments from the beginning till the end of our teamwork. Every part of our business plan is designed in a constructive and professional way. A special thanks to Alex Silensky for providing market analysis which contains a lot of new information for us. OGS Capital company and especially Alex Silensky deserve full trust of their clients and we will recommend to anyone needing similar service. We wish OGS capital and Alex Silensky a very success in the future in business plan consulting. With sincere thanks, Pavel Krykhtin DDS Sara Grinblat pharmacist

Used car selling business trend is also increasing because of the demand from customers. In bright sunlight with coziness and warmth, people are crazy to overstep their houses for exploration. They require mini vans, SUV, and station wagons to relocate their goods. At night they take shelters in camps to spend night. For this adventurous expedition, people have to choose vehicles which are not defective. Well, any private business transportation service provider offers used cars on rent. It is a rental car service. If you need to buy used cars, kindly go to a professional car dealership business agent to fulfill what you dream in your bed room. So, you must have different types of business plan dealership used cars for sale. People will be able to get information from your site. Locate states where people are very much enthusiastic to buy used cars.

These specific states must be properly selected online for good dealership business advertising. Usually rich people have no interest to buy used cars as they are classic in taste. They are also not comfortable to drive the cars which have been used by others. It is a matter of prestige. However, middle class people prefer dealership used cars which must not be pricey. Try to capture them for delivering fleets of good looking used cars with affordable auto insurances. Advertising business plan dealership analysis must not be bogus or useless. After an initial advertising business analysis, experts have selected four groups such as student, retired persons, family members and singles. Students who are college goers need glossy vehicles which have beautiful in-car accessories and excellent colors.

They also need used cars but these vehicles must be classic showpieces. The retired community is not very much over particular about the price and decoration. They are very practical. These aged groups need totally integrated vehicles with good finishing avoiding accidents. Car trips must be comfortable. Family members are desirous of buying large and boxy used cars to accommodate number of persons on a single go. They will undergo outdoor overnight expedition. Well, finally, singles are romantic. They need small size used cars which have nice interior décor. These cars will be equipped with good street nav systems .They must enjoy the car driving with their sexy sweet hearts. Now, you must probe how to categorize used cars which must be suitable to particular groups in separate. It will be easy for you to promote your car dealership business beautifully .Ask for good advice from experts.

Car dealership business projects should include a cost effective financial report or business budget. This business proposal is precious to an entrepreneur for starting car dealership shop or outlet to attract customers. If you are a new born baby in the automotive business industry, certainly, you should hire a professional starting dealership business proposer to write the entire management project with dynamic strategies. A freelancer will be hired to complete the car dealership business plan. It will be a joint or collaborative effort. The freelancer also needs your views to upgrade the starting auto dealership business plan. In this proposal, your requirements must be analyzed to make the business run successfully. People should be educated. Prior to buy used cars, they will cross check and evaluate different aspects to avoid confusion.

Help them to do the successful business deals. So, make your business proposal much innovative to start meticulous business analysis as well as evaluation for having guide. Generally, low cost or cheap used cars are given priority by economical groups. Those who have average financial support are no longer interested to go to the local car shop to buy expensive new dealership branded cars loaded in shops. On an average basis, your car dealership business plan must enlist the cost efficient used vehicles. Business proposers to assist clients must choose every segment for better marketing dealership business analysis to rebuild the business. In this connection, colorful dealership graphs and business dealership diagrams to locate the different segments must be helpful to car dealership entrepreneurs. Business environment needs to be monitored for starting tiny local car dealership business shop.

Well, there is a particular class which seeks to buy only affordable used cars. They are local buyers with least interest to prioritize the quality of vehicles. They use used vehicles for shopping or funny trip in the locality. Another group needs smart used cars which must be qualitative. Entrepreneurs, college goers, officers and executive rankers need quality at competitive prices. In this business project, highlight these business categories to upgrade the buying section in the commercial website. A freelance business proposer has many ideas and views. Even he has written many dealership business projects. Read his sample articles for getting strategies and business projects to know better about the marketing, dealership management, product promotion and other things to mobilize the cars dealership business.

Customers have negative feeling about the used cars in shops. They think that these used vehicles are of no usage. These are toys for children. It is also dangerous to purchase used models as maybe it may have defects .However, if the cars are technically configured replacing all junk tools and accessories, it must not be a bad thing for a customer. Start your selling speech in this way. A dealership business proposer who gives strategies/ projects will assist you how to forward your message to consumers. Car buying dealership business is not easy. Hurdles and hidden loopholes must be tracked to ensure the smooth deals in the long run. Many fake dealership entrepreneurs dupe customers by selling defective used cars. It is an act of criminality. You must not be such a person with ill purposes.

Therefore, the starting dealership business projects to run the auto dealership shop must be balanced with a clear preview of the vision of yours. You should not have fear or stress to suffer from. Need a good guide from reliable starting dealership business projects designers and of course consultants. The starting business in the dealership industry/ business must not sink in vast ocean due to the recession. Funds are required to establish a small dealership office which should be the place for business customers to meet business clients. Certainly, decorate the office with new furniture pieces.

Computers are tools to do regular tasks and documentation. Serious starting dealership business proposers have better ground work and sample write-ups to follow. Custom free dealership software for business scheduling is right now becoming extremely famous in Europe. Car dealership entrepreneurs download the free business tools on computers to activate the business portals for business preparation guide. Over 50 thousand free sample starting business plan dealership strategies on vehicle franchises are available in this type of advanced starting business software to manage business. Secondly, awesome dealership management software is open source tool to generate solid research components for extensive strategic analysis. It must not be a mistake to use this upgraded vehicles dealership business operating tool to manage used vehicle business.

Online free sample starting business projects and graphic pictures offer guidance to entrepreneurs who need a good start to open a starting auto dealership shop. This online dealership business shop must have cost effective used vehicles with sound dealership business insurance packages to enable customers to feel happy when they visit the online starting auto dealership shop to do the transactions. So, the online dealership business proposers to guide people have to include more materials in the content to help entrepreneurs to set up the shopping hassle free mind. Well, many companies are eager to contact buyers for having good auto insurance dealership strategies. Car dealership shops online must have such eye-catching packages for the protection of vehicles to a great extent.

Auto insurance companies are also interested to sell cost effective auto insurance policies on used cars. It will be a secondary extended starting dealership insurance policy to cover various parts of the cars . Get quick financial support in the case of street accident, fire, damage to the cars, and technical hazard. Your innovative cars dealership shops must have uploaded information about the top auto insurance agencies which give low premium rates on the dealership products.

Give the list of auto insurance companies plus brief-ups about the current prices of buying auto insurance coverage to ensure the car protection. Even legal backup is found to trouble shoot problems. The online free starting business plan dealership management and preparation software is the workout for you to write the business ideas perfectly. Professional competent proposers with innovative strategies for informative guide have such free tools for delivering new marketing ideas to teach clients how to open a used car dealership.

Do Proper Industry Branding

Without brand name or logo, entire objective seems to sound useless or defunct. Industry can’t run without logo. Your starting auto dealership shop must have a specific ID or brand for recognition. It will be a vehicle for correspondence. It will promote your starting used auto dealership industry. It will be a familiar tool for consumers to depend on the shop for starting deals vigorously. Brands must be authentic, meaningful and of course innovative. How to attract customers? Design a name for dealership starting. The starting auto dealership shop should not be given any odd name to harass common car buyers. To be frank, starting dealership used vehicles are environment friendly. Drive train, street navigation tools, in-car accessories, car seats, and leatherwork must be modified or new.

Used cars should be assembled. Top starting car dealership shop should have a number of good options for car selling. Starting automotive franchise shop has a separate customer care team to help people to have the quick support. Sales of used four wheelers must gear up if the starting dealership industry dealing process is less complicated. Online starting car dealership shops must have advanced automotive shopping carts for people to complete the car deals transactions. It states that customers need solid legal papers like licenses to have permission to use these used vehicles. Legal experts with caboodle of strategies must review these papers to issue licenses to car drivers.

Well, naturally, your new starting cars dealership business shop should have a team of consultants to solve various issues regarding used car dealing. In different American states, the law is not same. Therefore, entrepreneurs must need legal expert to prepare business plan dealership . Licenses are issued to car drivers if they are matured without any bad DUI report against them. States in America are very strict to permit young car drivers to drive in the street. On the web pages, mention major states in which good used cars are kept for selling purposes. At the same time, give brief descriptions about the traffic laws in these states. In Arizona, Delta, New York and Atlanta, people use reconditioned vehicles.

Provide information about the climate in these sophisticated states and help newcomers how to buy fuel efficient used cars. Vigorously start used car dealership. Online car / automotive franchise entrepreneurs have the connection with the used car sellers in various states for guide. These car sellers have their own terms and conditions to abide by. As being a good car dealer, you should understand what they need to sell used cars to customers. In addition, used car sales in these recognized states are skyrocketing. You must jot down names of these popular states for starting used automotive franchise industry. Well, used cars are of different types. Free models should be placed in the online gallery for customers to choose the best used vehicle.

In rich states, classic used cars are much expensive than other cheap models. High profile class wants smart and eco-friendly used cars. However, other cost efficient small used cars are showpieces for average income groups. The brand used auto dealership shop on internet facilitates starting car buyers to choose their favorite states forcer buying. Remove legal bindings to accelerate the sales of brand used cars in these states. The simple car buying strategies/ business plan dealership must be conducive to the quick sales of used vehicles. Definitely, your opening a car dealership shop must have some amazing attractive starting dealership business promotional offers. Online sites with strategies/ guide/ used car dealer business plan seem to be peerless to lure customers for accelerating used car sales.

For instance, discounts or promo codes offer is entirely a part of starting automotive franchise branding. These discounts are extremely useful to common car buyers who need very easy deals to buy used cars. Business brand will grow fast in case customers are seen hitting your portal for purchasing used cars. Schedule how to promote your car dealership business by distributing such awe-inspiring car dealership discounts. The small business shop online recovers trust of people by bringing custom discounts and free quotes to people. Small companies for used cars dealership business must have freebies, promo codes and discount vouchers to cut expenses of used cars.

Business clients and customers have free quotes to buy the best used cars from the shops online. Upgrade your starting mobile cars dealership industry shops as well so that people feel good to finish transactions. Mini starting car dealership shops with marvelous selling strategies have new tools for going through details to buy automobiles. Compare prices and see whether other online starting brand business shops are overtaking your starting business by giving more dazzling discount offers .You must have good resources to start a car dealership trading. Have free used vehicle franchise industry tips from consultants.

Online automotive franchise shop must not be expensive to people. For increasing car sales to have more profits, you must extend the boundary to capture more car buying customers. Talk to reliable used car sellers how to reduce the hurdles of customers to bring the speed to used car sales in home town. Your innovative starting car dealership shop must not be sick after few days of inauguration. Funds must be invested to innovate the mobile open source car/ brand automotive franchise shop. So, you need qualitative starting used car dealership business projects, more new strategies and ideas to renew sales of used cars within short span of time. Online e-books for new idea, reference books and free sample models for legal automotive franchise industry running must be collected for deep studies/guide how to start a car dealership successfully.

Download car dealership business plan sample in pdf

OGS capital writers specialize in business plan themes such as used auto parts business plan , business plan for fashion boutique , donut shop business plan , jewelry business plan , lingerie store business plan , auto dealership business plan and many others.

OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.

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FREE 4+ Used Car Business Plan Samples in PDF | DOC

For most people, buying a used car can be a quite scary venture. Owning a car is already a huge privilege and maintaining it does require a lot of money. Of course, no one wants to waste all of their money having bought a ‘lemon’ car. That’s why it’s the job of good and respectable business owners such as yourself to provide quality service and products to your customer. Making sure that they get their money’s worth, further establishing a recurring sale and building up a good reputation.

Used Car Business Plan

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Businesses are not simple entities to manage, even much less to start and maintain one. It’s a chore to keep track of everything that your business covers, from the models of the cars that you sell and their overall condition, to making sure that you are making sales by keeping your products on perfect shape and running condition. This is why creating a proper layout or a comprehensive plan is very important especially for businesses like these. A layout helps keep everybody that is affiliated with the business, managers and supervisors, on track for everything else that may be encountered during the overall duration of the business.

A used car business plan is a very good tool for this. It is a largely important document that any business, from startup to already well established ones, need to have a guideline or a roadmap that the business will follow to make sure that their goals are achieved. Operating without one is not really a good idea, since those who do operate without a business plan, just doesn’t last very long. Most business plans cover a specific timeframe like a month or a year, but in this case, the used car business plan that you will be making will cover the entire run of your business, from start, to success. First, you’ll need tp properly get acquainted with the document.

To do that, check out these used car business plan samples that we have listed down below. After getting familiar with the document, you can then use these samples as a guide or even as a template to develop your own business plan.

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A business plan is a written document that describes how a business would define its goals and objectives and what steps the management is willing to take in order to achieve those goals. A business plan lays out a comprehensive roadmap for the whole company to follow that is derived from the standpoints of its different departments, from marketing, financial, to operational. Business plans are very important documents that’s usually used to attract prospective investors even before the company has established a significantly impressive track record.

Although it is arguably more useful for new companies and businesses, every business owner should be able to develop a well written business plan. This will give them something to review and periodically update to see how close they are to their goals and how the circumstances that they have been working with has changed. A good business plan should be able to outline all the projected and estimated costs of a  venture and predict the pitfalls the management will make.

Even with competitors in the same industry, it is still very unlikely for business plans to be identical with one another. This is because despite working with almost the same circumstances, different businesses tend to have their own way of dealing with company issues and challenges.

The length and scope of a business plan varies depending on the nature and coverage of which the company decides to cover. Though it is fairly usual for all information to fit into a 15 to 20 page document. Although no two business plans are alike, they do work with almost the same elements. These common elements of a business plan will be discussed in more detail below.

• Executive summary The first section of a business plan should outline what the company is and include information related to the company’s mission-vision values, company leadership, employees, operations, and general location. Executive summaries should talk about what the business is, the nature of the business, and all other necessary information.
• Products and services This is where the company should highlight the products that they offer. It should include pricing, product lifespan, and other customer benefits like insurance and maintenance. Other factors that you can include here is the model and type of used cars that you are selling, manufacturing and production processes, and proprietary technology.
• Market analysis A company needs to have a crystal clear idea of the target audience and their respective demographics. It will enable them to outline who or what the competition is and will give you a better idea on how to stay on top of the local market. It will also describe the expected consumer demand and how difficult it would be to take advantage of the demand.
• Marketing strategy This next section should describe how the company will attract the customer base and how the management intends to keep it. It should also talk about how it intends to reach the consumers by giving an outline of a clear distribution channel, including advertising campaigns, marketing campaigns, and through what mediums will those campaigns be disseminated.
• Financial planning The company has to include its financial planning to further attract the attention of the business plan’s readers. Financial statements, balance sheets, tax reports, etc.
• Budget Every company has to have a proper well established budget in place. It includes costs, staffing, manufacturing, development, marketing, and other business related expenses.

Individuals who work in and around the company are given an outline or a summarized copy of the business plan. For outsiders however, investors, lenders, suppliers, clients, and other executives, they are presented with the entirety of the plan.

• Situation Analysis
• Product position
• Setting objectives
• Overall strategy

Back in 1960, an ad from Volkswagen cemented the term in our vocabulary by putting the word ‘lemon’ under a Volkswagen Beetle in an advertisement. The term was used by Volkswagen in an attempt to highlight their rigorous testing process but somehow that image of a bad car being a ‘lemon’ stuck in our modern vocabulary.

One very important thing to remember about business plans is that the document is not supposed to be a static document. It should be ‘live’. Meaning that the document is and should always be susceptible to change to adapt to the changes in the company itself. Think of it as an entity changing and evolving together with your company.

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