| Buying and selling cars for profit really is a TRUE | | | | recession proof businesses? |
| recession proof business. In fact, if you choose to buy | | | | More and more developing nations are seeking "first |
| and sell automobiles for profit, you will be participating in | | | | world" status, and as of 1997, there were 600 million |
| one of the few businesses that can honestly be called | | | | vehicles in the world and that figure is expected to |
| recession proof...and here is why... | | | | double by the year 2030! |
| - New autos now cost as much as a house used to | | | | Manheim Used Car Auctions recently reported that the |
| and of course this only increases the demand for used | | | | net profit for used vehicles (for large car dealerships) |
| cars. | | | | was an average of $230.00 per car and the average |
| - Except in rare cases, an automobile is NOT an | | | | net profit for new vehicles was a negative $14.00. |
| investment and more and more savvy consumers are | | | | So has it come to the point where mega car |
| aware of how shockingly high the percentages are for | | | | dealerships with their insanely high overhead are using |
| new auto depreciation. How about 20% to as much as | | | | new cars as loss leaders in order to sell their used |
| 40% the first year - 15% the second year - 13% in the | | | | cars? |
| third year - and 12% in the fourth year! | | | | New car dealers also make lots of money from |
| - Unless they are very wealthy, parents are always | | | | added on fee's (like points on the financing, etc.) and |
| more willing to buy a used car for their child's first car. | | | | any up-sells they can entice the consumer into buying, |
| - When the economy is going well and interest rates | | | | but still, all big new car lots push their used car |
| are low, car buyers tend to buy new cars...but there will | | | | inventory because they are keenly aware that buying |
| always be a market for used automobiles. | | | | and selling cars for profit is a huge money maker for |
| - When the economy is in recession, most people hold | | | | them. |
| off on new auto purchases or they buy a used vehicle | | | | Hmmm, do you think its possible that someone working |
| instead. | | | | from home with almost zero overhead could make |
| Can you see now why buying and selling cars for | | | | money buying and selling cars for profit? |
| profit is and will continue to be one of the few true | | | | |