In this video, you will learn to about a used truck dealer. When buying used vehicles, there are a lot of things to keep in mind.
What type of care you buy, where you buy it, and how much it costs are all things to do research on ahead of time. There are two business models that dealerships might follow. The traditional model marks it up a lot and then discounts it a lot. A dealership like this might sell $60k in profit. Then, the other business model is market-based strategy. This is based on what the market value is. Or, the average selling price of that model. There are software providers out there that suggest the velocity selling system. They recommend pricing your vehicles below the market. The markup of your cars might only be $2k. In most cases, there might be no discount available. A dealership like this is going to show up higher in searches on the internet. This equates to a larger gross profit. This gives them additional possibilities for their parts and service departments. Keep watching this video for more information.