Selling a new car dealership can be a big decision. However, it can be lucrative if you are retiring or cashing in on years of hard work. Before selling a new car dealership, it is important to get a car dealership valuation. This process also helps you understand the...Read More »
New car dealerships sell new cars, trucks, SUVs, and passenger vans. Over the past 5 years, this industry generated over $1 trillion in revenue. According to IBIS World, we can expect healthy revenue and profit growth to continue in the years to come. As such, now is...Read More »
Within the car dealership industry, there are used car dealerships and new car dealerships. Across the United States, there are nearly 22,000 new car dealerships and over 129,000 used car dealerships. Together the new and used car industry generates over $1 trillion...Read More »
Car dealerships are experiencing a shortage of cars on their lots. This is primarily due to supply chain shortages in the new car market. The lack of new cars is causing more individuals to hold onto used cars rather than buy a new car. Hence, used car dealerships are...Read More »
The automotive industry is experiencing shortages of cars. Due to COVID-19, many supply chains are seeing an impact. The lack of new cars is causing fewer individuals to sell their used cars. Hence, many used car dealerships are experiencing a shortage of cars on...Read More »
