Profits in Car Dealership Business

Profit and loss are a part of every business. But every business hopes for more and more of profit in their lifetime. Profit is the backbone of every business activity. No business can survive without profits. Also profits come to those who bears the risk says Alex Korchmar. Car dealership business just like any other business comes with risk. You have to be very cautious in your dealing approach. There should be utmost transparency in dealing. You have to be very sure that your contact off dealing conveys all the material and immaterial terms to avoid confusion later.

Profit and loss are a part of every business. But every business hopes for more and more of profit in their lifetime. Profit is the backbone of every business activity. No business can survive without profits. Also profits come to those who bears the risk says Alex Korchmar. Car dealership business just like any other business comes with risk. You have to be very cautious in your dealing approach. There should be utmost transparency in dealing. You have to be very sure that your contact off dealing conveys all the material and immaterial terms to avoid confusion later.

Car dealership is all depends upon financial working of a person. It is a very challenging business as far as it’s profit is concerned. Rental of godown , workshop and inventory cost and many other factors are responsible for the costing Profit is earned from sale of cars, accessories, commission through financing and insurance companies. Also, after sale servicing fetches revenue. An average dealer earns around Rs16000/ to Rs30000/ on sale of every unit based on the model of a car Also, incentives offered by different car companies add to the profits. Handling charges of each car ranges from Rs5000/_ to Rs7000/_. You can cut the cost by selling the cars at a faster pase for this you require a good customer base that trusts your dealings. A good customer base has to be earned with your transparent dealing and also by providing quality goods. This is how you expand your business of dealership and maximize your profit in this industry says Alex Korchmar

Originally Posted: https://alexkorchmarblog.wordpress.com/2019/10/07/profits-car-dealership-business/