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Will You Add? - Buying and Selling Cars For Profit is a Recession Proof Business
“In this industry, if you stop learning, you stop earning,” says 2005 Best Bosses Award winner Greg Wittstock, a.k.a. The Pond Guy. The energetic CEO and president of Aquascape Designs, an organization that’s billed as “the world’s number one water garden and pond resource,” i
Manheim Used Car Auctions recently reported that the net profit for used vehicles (for large car dealerships) was
Many once great organisations have disappeared over time. They may have been unable to stem the tide of technical innovation or the entrance of low cost competitors or in the public arena they may have become irrelevant as service providers.Mostly they have sown the see
In fact, if you choose to buy and sell cars for profit, you will be participating in one of the few businesses that can honestly be called recession proof…and here is why…
- New cars now cost as much as a house used to and of course this only increases the demand for used cars.
- A car is NOT an investment and more and more savvy consumers are aware of how shockingly high the percentages are for new car depreciation. How about 20% to as much as 40% the first year – 15% the second year – 13% in the third year – and 12% in the fourth year!
- Unless they are very wealthy, parents are always more willing to buy a used car for their child’s first car.
- When the economy is going well and interest rates are low, car buyers tend to buy new cars…but there will always be a market for used cars.
- When the economy is in recession, most people hold off on new car purchases or they buy a used car instead.
Can you see now why buying and selling cars for profit is and will continue to be one of the few true recession proof businesses?
More and more developing nations are seeking “first world” status, and as of 1997, there were 600 million vehicles in the world and that figure is expected to double by the year 2030!
Manheim Used Car Auctions recently reported that the net profit for used vehicles (for large car dealerships) was a
Perfect Wealth Formula, the latest business on the block. Is this the program to flock to or is it just another program promising false hope? I myself have worked online now for about 2 years, throughout that time I have tried, failed and succeeded at many online business prog
Can you see now why buying and selling cars for profit is and will continue to be one of the few true recession proof businesses?
More and more developing nations are seeking “first world” status, and as of 1997, there were 600 million vehicles in the world and that figure is expected to double by the year 2030!
Manheim Used Car Auctions recently reported that the net profit for used vehicles (for large car dealerships) was
What business valuation would you place on a distribution management software company with $1.5 million in annual revenues and $500,000 in losses? How about a healthcare software ASP with $300 K in revenues that is breaking even? These companies don’t exactly fit the 5 times
Can you see now why buying and selling cars for profit is and will continue to be one of the few true recession proof businesses?
More and more developing nations are seeking “first world” status, and as of 1997, there were 600 million vehicles in the world and that figure is expected to double by the year 2030!
Manheim Used Car Auctions recently reported that the net profit for used vehicles (for large car dealerships) was
If you are planning a long holiday, moving house or offices or you need an area to store stock or personal items, the option of being able to rent your own dry, clean and secure space within a ware house, with free unlimited access would be extremely beneficial, saving you tim
Can you see now why buying and selling cars for profit is and will continue to be one of the few true recession proof businesses?
More and more developing nations are seeking “first world” status, and as of 1997, there were 600 million vehicles in the world and that figure is expected to double by the year 2030!
Manheim Used Car Auctions recently reported that the net profit for used vehicles (for large car dealerships) was
Today, I made a special trip to an art supply store, one at which I have a “membership,” enabling me to get 10% off its prices, everyday.After wading through a sea of traffic, I found a parking space, entered the store, and quickly picked up two canvasses.I asked
Manheim Used Car Auctions recently reported that the net profit for used vehicles (for large car dealerships) was an average of $230.00 per car and the average net profit for new vehicles was a negative $14.00.
So has it come to the point where mega car dealerships with their insanely high overhead are using new cars as loss leaders in order to sell their used cars?
New car dealers also make lots of money from added on fee’s (like points on the financing, etc.) and any up-sells they can entice the consumer into buying, but still, all big new car lots push their used car inventory because they are keenly aware that buying and selling cars for profit is a huge money maker for them.
Hmmm, do you think its possible that someone working from home with almost zero overhead could make money buying and selling cars for profit?
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