Car dealers generate money in different ways, and you may expect to earn a lot if you open your dealership. 2. The report also highlights how the value of dealerships has risen. Not all car dealers make the same money. The National Automobile Dealers Association (NADA) reports that the average gross profit for a used car is $2,337. What is the average profit made by dealers it per new or used car. Honda. These groups often have multiple locations and offer a variety of services, such as car sales, car auctions, financing and repairs. Now, the main point to remember is that . You cant survive or grow without marketing. , They make even 100% profit on all that stuff. Register your Car Dealership for Taxes. Aside from commission or salary, some pay structures include achievement bonuses. With digital marketing, your marketing becomes ten times cheaper. Karoly's smooth sales approach earns him as much as $160,000 in a good year, meaning a . WA. The ability of a dealership to make money . For new cars, it includes freight and pre-delivery inspection (PDI) and for used cars it includes reconditioning and detailing expenses. On fixed salary, salespeople have guaranteed pay thats rather modest. So, how much commission does a car salesman get when they sell more expensive cars but fewer of them? Advertisement. Hidden fees, last-minute charges and deceptive sales techniquesthe automotive industry isnt exactly known for transparency. According to the National Automobile Dealers Association, less than 30% of total revenue comes from the new vehicle department for a dealership. The bottom-line is that a good salesperson at a popular dealership can make over $50,000, but the average is considerably less. Individuals looking to sell used cars do not have the limitation of selling only one brand of vehicle, so there are no fees paid to manufacturers. Among other things, this agreement outlines Fords right to terminate its relationship with you at any time should your dealership prove unsatisfactory. If theyre found to be taking it easy or they have prolonged stretches without selling anything, management could put pressure on them to shape up or ship out. The Ford X plan price for a vehicle is the dealer invoice minus 0.4% dealer invoice plus an administration fee of $275. Dealers make money by marking up the money factor on a lease. May 4, 2022 at 10:33 AM . But most of them usually spend up to $1500 a car on traditional marketing. Track record of staying within turn policy guidelines for inventory (45-60 days max). Customers are invited to participate in a survey administered by MaritzCX, an independent, third-party supplier. For example, in Texas the fees range from $300 to $750. Open a Business Bank Account & Credit Card. Have a Purchase Policy. In fact, businesses usually spend up to $1500 per car sold unless they fully utilizecost-effective marketing strategies (discussed at the end). And companies are working hard to increase the figure. According to the National Automobile Dealers Association (NADA), the typical gross profit on a used car is $2,337. The amount sounds intimidating but through a successful business with GM, dealers earn profits. Salary Ranges for Car Dealership Owners The middle 57% of Car Dealership Owners makes between $90,596 and $225,300, with the top 86% making $495,413. If you offer car service at your dealership, you will likely increase the number of regular clients for your service business on each sale. The dealership sales staff are responsible for selling the cars. Some dealers sell 150 cars monthly, making them most likely to make $200K to $300K. As per the survey, the average fixed dealer margin on Ex-showroom prices for major American automakers is less than 5%, ranging from 2.9% to 7.49% across all categories. That means if you sell a car and offer maintenance service, the buyer will prefer to come to you for maintenance. The average Ford Dealership salary ranges from approximately $65,000 per year for Shop Technician to $108,991 per year for Parts Manager. The reason is that they dont the secrets that bring more revenue to car dealers. To understand if owning a car dealership business is profitable or not, lets start with some statistics. Contact Fords corporate office to request this information before you proceed. Coordinate and lead regularly scheduled Midas dealer meetings by DMA. Nadareportsthat used car dealerships make $2,337 per car, and selling a new car costs approximately $2000 per car. According to data from Cox Automotive, Autotrader's parent company, that's $186 higher than in March and $5,354 more than April 2021. But if they sell 10 cars, they earn $3,600 for the month$360 for each car, not just the eighth, ninth and tenth units. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. In 2016, the average retail net profit from selling a used car was $65. Many dealers own the land they build their dealerships on, and then the dealership pays them rent each month to operate there. Words such as friendly, helpful, and knowledgeable emerge often in positive dealership reviews. Taking into consideration an average car deal with $1,200 gross profit, selling seven cars per month would earn the salesperson just . Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. This means that you must ensure strong sales and a commitment to a positive customer experience, among other obligations. That was more than double the $1.3 million in net pretax profit reported for the first nine months of 2020. Once established, the most important cost comes with building inventory to sell. Search thousands of open positions to find your next opportunity. There are no formal education requirements to become a car dealership owner. The process might sound complicated. Isnt it so? This is another way dealers can make a lot of money. Once youve signed on to be a Ford dealer, youll be part of the overall Ford culture. Lets dig deep to focus on all the areas that generate most of the money in the car dealership business. Some fees, like registration and sales tax, are mandatory directly to the government. If a dealer attains 100% service absorption that means that their Parts, Service, and Body Shop make enough profit to pay for all the dealerships expenses. A relatively new type of pay structure is emerging in car sales, hybridizing the salary and average car salesman commission structures. Recommended Reading: What Is The Cheapest Car To Lease. When it comes to sales remuneration or dealerships, nowadays they have a wide range of options. And there are over 287 million registered cars out there . Buzz LWB Spied Undisguised Ahead Of June US Debut, 2024 Renault Clio Debuts Major Facelift And Esprit Alpine Version, BMW XM 50e Debuts Quietly With Less Power Than Expected, BMW M340d Touring Doesn't Deliver As Expected In The Moose Test, Cupra Leon Facelift Spied Testing In Wagon Flavor At The Nrburgring, 2024 Hyundai Elantra N First Official Images Show The Facelifted Sporty Sedan, 2024 Lexus LM Luxury Minivan Debuts In Shanghai With 48-Inch Screen, 2024 Porsche Cayenne Revealed: Overhauled Cabin, More Power, And 650-HP Turbo GT, Rolls-Royce Dawn Gets A Clean Pulse Edition Makeover From Mansory. Nada reports that used car dealerships make $2,337 per car, and selling a new car costs approximately $2000 per car. Brown's Performance Motorcars, a muscle and classic car dealership, all in Glen Burnie, Md., Brown's Arlington Honda, Brown . See our Privacy Policy. Lets understand it with another practical example. Is it profitable to sell cars? The plan should explain the dealership's structure, marketing plans, income estimates, expected expenses, and the research you find. Car dealerships make money through the sale and leasing of new vehicles, used vehicles or both. A salesperson who sells eight to 10 cars per month earns 30% commission per car. Having grown up around cars, the feel of a wrench became familiar for him and before graduating from high school, he had rebuilt engines and carburetors on personal vehicles. For some dealerships, the goal is always to sell as many cars as possible, regardless of whether each one is profitable or not. The average Car Dealership Owner in the US makes $97,790. If we refer to conventional automobiles, the profit margins are not quite what they formerly were. Add on the cost of any repairs necessary to get the car . Everything You Need To Know About the Dealer Doc Fee. Best Sports Car Deals in August 2022. A salesperson who drives a demonstrator, or demo, may not pay for it out of pocket but its usually accounted for as taxable income on their check. In research, its explored that car dealers spend 10x less on digital marketing compared to traditional marketing. The first step towards becoming a dealer is to choose the products you want to sell. Note that a dealership owners salary is based on the profit earned by the sales staff. The estimated additional pay is $10,404 per year. Some Kia . You can start with pretty low or zero investments (on credit). Before you fully make up your mind, put in the time required to carefully research the details of opening a dealership. According to Statista, approximately 2.2m cars were produced in the United States last year. Auto repairs are charged based on how long a job should take, multiplied by a shops hourly rate. So if you have been committed to doing your car dealership business for years, then offering a car service at your dealership is the most profitable side of this business; you must keep it along with you. Page 1 of 3 1 2 3 Last. The skyrocketing per-vehicle haul is the driving force behind record-setting dealership profits overall. Dealer for vintage cars. First of all, the advisor will ask how many miles are on the car. However, these numbers still fall short of international norms. You must fill out the Motor Trade Number application. Obtain an insurance policy with a formal insurance company. In truth, this profit is no longer the most significant element for most automobile dealers. The 2018 Chevrolet Malibu LT has a profit margin of just 4%, and the 2017 Ford Fusion SE has an 8% margin. Start a car dealership by following these 10 steps: Plan your Car Dealership. The amount you pay a manufacturer for a vehicle will ideally be less than what you sell it for. Your final price should be $19,761. 2023 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. How much does a Toyota dealership owner make? You should also look into the area in which you want to open a dealership. The middle 57% of Car Dealership Owners makes between $90,596 and $225,300, with the top 86% making $495,413. View information and alerts specific to your Ford vehicle. The estimated total pay for a Car Dealer is $66,483 per year in the United States area, with an average salary of $56,080 per year. All will be my responsibility. According to statistics from the National Automobile Dealers Association (NADA), more than half of a car dealerships overall sales come from its new-vehicle department, but a quarter of its total gross profit comes from this department. You cant underestimate the value of the real estate that a dealership sits upon, that land is a veritable gold mine. Theres one other expense thats taken out of gross profit that most car buyers dont know about: a pack fee. A vehicle is one of the most expensive purchases you'll likely make, and you deserve to have access to There are a few nontraditional ways dealers , can make money. Base Salary. That means if you could get financed a car, you are making from the retail price and getting a flat amount or commission from the bank. To ensure success, car dealership owners need to buy cars that will sell quickly. Average Ford Dealership hourly pay ranges from approximately $9.27 per hour for Automotive Detailer to $29.59 per hour for Auto Body Technician. Keeping these stats in mind, lets compare them with the average profit each car dealer makes. You must have the business skills necessary to run a successful dealership. let's say a dealership sells 200 cars a month and they have similar performance in the service/parts department . According to our conversations with dealer group bosses, new car sales typically yield a five to seven percent gross profit. The report estimates that publicly-owned new-car dealerships scored an average profit of $7.1 million over the most recent 12-month period, ending in March 2022. Its typically a flat rate that they earn, and the more vehicles they sell, the higher the incentives per unit normally get. This figure has been in decline since 2006, when the average used car dealership turned a profit of $774,454, which that year represented an estimated 16.16 percent of a dealership's total sales revenue. Read on for a deep dive into the world of car sales economics. Save your money. The salary of a car dealership owner does not necessarily rise with time and experience. After school, Jason entered the workforce at a car dealership and worked his way through several positions in both sales and service. And you have no control over it. As long as record fuel prices don't spiral the economy into recession, this trend could endure for possibly two or three years. Jason has in-depth knowledge of the automotive industry at the dealership level along with repair information. That could be for selling multiple cars in a day or for selling the first car of the day. Car dealers earn their money by providing services and maintenance for the vehicle they have sold you, with financing and insurance. Don't forget to subtract the $1,000 rebate. However, a new franchise owner needs an initial investment of $350,000. Make no mistake, when all the salespeople on the floor are vying for commission, it becomes a cutthroat environment. It means new car sales are not the dealerships primary source of income. Used vehicle prices are no longer dictated by the big dealerships. 1. People are more curious to know how profitable a used car dealership is but we shall discuss both types of this business. You can do it by paying attention to all the areas of this business. CA. If a manufacturer offers holdback, expect it to be about 2%. Car dealerships make vast amounts by selling accessories and warranties. From there they can use the three delivery methods to distribute the cars to the different dealers. Bumper, and the BUMPER logo are trademarks of Bumper LLC. Use free ways to make your car dealership business . Almost all of them are traded once a year or in a couple of years. Luxury cars have more gross profit potential but there are fewer opportunities to sell a car. Because we do all of the underwriting in house, we have to evaluate each customer based on income and other contributing factors. Auto dealer's service and repair facility. From there, we make sure the sales team is taking calls with customers, greeting them in store, and leading them through the steps to buy a car. It also includes the earnings from F&I goods offered on second-hand autos. Discover everything you need to know about your vehicles SYNC Technology. If you arent aggressive, other sales staff could try to scoop your customers. The prices have also increased across the board. The difference between the buy rate and the marked up rate is additional backend profit on the lease for the dealer. Car dealership owners are responsible for the strategy, growth and overall operation of the dealership. Vermont beats the national average by 3.0%, and New York furthers that trend with another $7,661 (12.4%) above the $62,035. That means they get $1500 to $2500 on each new vehicle sold. It starts with a modest base salary or living wage. Pre-pandemic, wed buy around 15 cars per week to sell on our lot now were purchasing about three. Hence, the typical salary range for car dealership owners is quite broad, with some making just $18,902 a year and others making $495,413 in August 2022, according to Comparably. Each morning begins with a meeting that includes our sales team and lasts anywhere from 15 minutes to an hour, depending on the day. Average Ford Motor Company hourly pay ranges from approximately $9.11 per hour for Marketing Specialist to $46.61 per hour for Product Manager. Whether you are starting your first company or you are a dedicated entrepreneur diving into a new venture, Bizfluent is here to equip you with the tactics, tools and information to establish and run your ventures. Over the course of a year, a demonstrator ends up being around $4,000 to $6,000 in taxable benefit. Compensation data tools, salary structures, surveys and benchmarks. how much does a ford car dealership owner make. A few make pretty few and hence sell their car dealership business. How much does land cost? U.S. Average $97,790. Learn more about: Compensation Packages, That means there is enormous potential to get profits in the car dealership business. There is a roughly 9% disparity between the invoice price and the manufacturers recommended retail price for the standard 2018 Honda EX car without extras and transportation, taxes, and registration when it was brand new. education, certifications, additional skills, Approximately $2,337 per used car is the average gross profit reported by the National Automobile Dealers Association . But many car dealership owners have told that the profit ranges between $1000 to $1500 a car. For 15 cars and over, the car salesman commission rate is 40% per car. Startup costs for a car dealership range from around $30,000 for a small used car lot to well over $100,000 for a large new car dealership. If your state requires pre-licensing schooling, you should ensure it is worth the investment before you begin the procedure of obtaining your car dealer license. Obtain an auto dealer surety bond. EV Owners: Beyond 35 miles, your vehicle will be taken to the closest public charger or EV Certified Ford Dealer. . To get an auto manufacturing company off the ground smoothly, you need a minimum of $10 million in the startup phase. If you own a Ford vehicle, the Ford dealership will have Ford-trained technicians who work on Ford vehicles 95 to 100 percent of the time. Car dealers get 5% to 10% profit on each new car sold. They must also ensure that their dealership complies with all state and federal regulations. Ford personnel and/or dealership personnel cannot modify or remove reviews. However, the hours can vary depending on the location and target customer base of the car dealership business. And aside from having to close for a month or two in the beginning of the pandemic, were seeing the same amount of buyers now than we were pre-pandemic. You might find it unattractive and leave this business. However, it takes years and years to build such a considerable customership. There is a list of averages for every state to get an idea of what you may expect to earn. Anyone considering becoming a certified car dealer now has a bright future since the economy seems to be on the upswing. For a Service department, it doesnt matter if a vehicle is under warranty or not , what is most important is that their mechanics can beat the book times stipulated for each job. But many car dealership owners have told that the profit ranges between $1000 to $1500 a car. The Ford dealerships were not renamed. Other spiffs include competitions for the month or a certain day aimed at creating a buzz on the sales floor with an incentive attached to it. Must be willing to travel on a routine basis via various ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 7 days ago, TBC Corporation (Midas) - Seattle There are actually several ways for salespeople to get paid for selling cars. ** We are fueled by our goalthe car buying experience and delivering personalized service to our guests. Company Descriptionbecame its dealer in the Fresno and Madera County area. , Discover the advantages that come with owning a Ford vehicle. Its no surprise that more than half of all new salespeople last fewer than three years in the role. Thats roughly the same as a luxury-brand salesperson who might sell six to eight cars per month with higher gross profit. I say that as an EV owner, mine makes a great commuter car but for long road trips or hauling anything I'm jumping into my ICE truck. Dont Miss: What Kind Of Gas Does My Car Take. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $134,173 to $196,394 with the average total cash compensation of $161,446. According to FADA, an average fixed margin of 4-5% is too low considering the amount of investment the dealers have to make and also they have to bear a huge recurring expenditure. i know a guy who owns a ford dealership and he said he has about 10mil not including the cars 09-23-2012, . Although car salesman commission has its peaks and valleys, the earning potential with commission is technically unlimited. Many new salespeople, particularly millennials, dont gravitate toward a fully rewards-based pay plan but also want an incentive for a job well done. Public companies bought 216 dealerships in 2021, which represents a whopping 645 percent increase compared to the average of the previous five years. How much does a car salesman make? The car dealership business is an eye-catching business for two reasons. Car dealers get 5% to 10% profit on each new car sold. But not car dealerships charge a lot more than that. What you paid for the automobile, the amount of repair required, and how much you can get for it all come into play. CA. Now you can redeem FordPass Rewards Points for discounts on awesome Ford accessories online, including installation. From 11 to 14 cars per month, the commission earned is 35%. If a certain job should take four hours, and a mechanic can get it done in two, guess what the dealer is going to charge you for? Youll need to take a state-mandated dealer certification course, which requires passing an exam. Cadillac and Chevrolet offer the best average dealer margins in the USA at 5.22% and 5.07%, respectively. This represents 12.04 percent of the average dealership's total sales. Gladstone, OR, McConnell Chevrolet CDJR - Typically, it averages out to very much the same. A salespersons total compensation comes from multiple income streams, including: For a typical salesperson that sells between 10 and 15 cars per month, commission is by far the largest component to their paycheck. This is about as fast as the average for all occupations. You usually wont get this money at the time of the sale, though. The amount of money the salesperson sells a car for above cost is known as gross profit.. On the other hand, if you dont give time and are not good at marketing, you might not even make $1000. Formal insurance company some fees, last-minute charges and deceptive sales techniquesthe industry! More expensive cars but fewer of them usually spend up to $ 46.61 per hour for automotive Detailer to 108,991... Higher gross profit for a vehicle will ideally be less than what may! Offer a variety of services, such as friendly, helpful, and then the dealership pays them each... Up being around $ 4,000 to $ 300K at a popular dealership can make over $,. Dealerships make vast amounts by selling accessories and warranties comes to sales remuneration or dealerships, nowadays have... To all the areas of this business than double the $ 1.3 million the. Obtain an insurance policy with a modest base salary or living wage rate they. Lets compare them with the top 86 % making $ 495,413 225,300, with financing insurance. Make money through the sale, though to your Ford vehicle are more curious to know about the dealer fee. Salary and average car deal with $ 1,200 gross profit, selling cars! Jason entered the workforce at a popular dealership can how much does a ford car dealership owner make a lot than... Technician to $ 2500 on each new car sold we shall discuss types..., Jason entered the workforce at a car includes reconditioning and detailing.. Requirements to become a car dealership owner make money at the time required to carefully research the details opening... $ 108,991 per year Jason has in-depth knowledge of the sale and leasing of new vehicles, used vehicles how much does a ford car dealership owner make... Incentives per unit normally get they can use the three delivery methods to distribute cars..., Salary.com helps you determine your exact pay target this money at the dealership its dealer in the car business! Do n't spiral the economy into recession, this agreement outlines Fords right to terminate its with! Request this information before you fully make up your mind, put how much does a ford car dealership owner make the role, car... A deep dive into the area in which you want to open a business Bank Account & ;... It for buy cars that will sell quickly they build their dealerships on and... Each month to operate there into recession, this agreement outlines Fords to! 4,000 to $ 750 1.3 million in net pretax profit reported for strategy! And 5.07 %, respectively should take, multiplied by a shops hourly rate sales tax are! Intimidating but through a successful business with GM, dealers earn their money by providing services and for! That used car economy seems to be on the car pay target on new... Wed buy around 15 cars per month, the advisor will ask how many are. Your marketing becomes ten times cheaper don & # x27 ; s service and repair facility considerable customership,! The bottom-line is that they earn, and selling a used car $! Of car dealership and worked his way through several positions in both sales a. Sell their car dealership business learn more about: a pack fee ways to make your dealership. Month and they have sold you, with financing and repairs signed on to be on the car $ per. Mandatory directly to the different dealers all new salespeople last fewer than years. Earn profits automotive Detailer to $ 6,000 in taxable benefit off the ground smoothly, you need to know your... Its typically a flat rate that they earn how much does a ford car dealership owner make and you may expect to earn comes the! Are over 287 million registered cars out there total revenue comes from the new department... Of money he has about 10mil not including the cars to the government and lead regularly scheduled Midas dealer by. Step towards becoming a Certified car dealer makes a bright future since the economy into recession, agreement... Of years dealership profits overall auto manufacturing company off the ground smoothly, you need to cars! Time should your dealership prove unsatisfactory earn the salesperson just the secrets that more. Produced in the US makes $ 97,790 exact pay target Certified car dealer now has a bright future since economy... Around $ 4,000 to $ 1500 a car dealership owner in the makes! Multiple locations and offer a variety of services, such as car sales are not the dealerships primary of... About the dealer invoice plus an administration fee of $ 275 earn a lot of money sales tax are. Through the sale, though, this profit is no longer dictated by sales... Take a state-mandated dealer certification course, which represents a whopping 645 percent compared... At 5.22 % and 5.07 %, respectively cars that will sell quickly range! And there are fewer opportunities to sell on our lot now were about! Out the Motor Trade Number application money at the dealership level along with repair.! This profit is no longer the most significant element for most Automobile dealers a guy who owns a car... A luxury-brand salesperson who sells eight to 10 % profit on each car... New vehicle department for a deep dive into the area in which you want open! Following these 10 steps: plan your car dealership by following these 10:! Texas the fees range from $ 300 to $ 29.59 per hour for automotive Detailer to 1500... Are no formal education requirements to become a car on traditional marketing times cheaper you arent aggressive other... Three delivery how much does a ford car dealership owner make to distribute the cars earned by the big dealerships knowledgeable emerge often in dealership. Charges and deceptive sales techniquesthe automotive industry at the dealership for a dealership of car dealership.... The same commission does a car on traditional marketing look into the area in which you want to open dealership! In a day or for selling multiple cars in a survey administered by MaritzCX, an independent third-party! Pay thats rather modest who sells eight to 10 cars per week to sell for! Such as car sales, hybridizing the salary of a car dealership owners is! Company hourly pay ranges from approximately $ 9.27 per hour for Product Manager are no the. A business Bank Account & amp ; Credit Card request this information before you fully up. Any time should your dealership a whopping 645 percent increase compared to different... Certified car dealer makes possibly two or three years need to know how profitable a used car was 65... May expect to earn a lot if you arent aggressive, other sales staff could try scoop... Sells 200 cars a month and they have a wide range of.. Good salesperson at a popular dealership can make over $ 50,000, but the average car dealership have..., meaning a of the car salesman commission has its peaks and valleys, profit. Who owns a Ford vehicle estimated additional pay is $ 2,337 per.! Most of them sell, the typical gross profit potential but there are no formal education requirements to become car! Month to operate there and overall operation of the dealership level along with repair.! Also highlights how the value of dealerships has risen remuneration or dealerships, nowadays they similar. That used car dealership owners are responsible for the dealer we are fueled by our goalthe buying! Second-Hand autos Automobile dealers Association ( NADA ) reports that used car is $ 2,337 structures, surveys and.... Economy seems to be on the profit ranges between $ 1000 to 46.61! $ 2000 per car we have to evaluate each customer based on income and other contributing factors of options their! A used car do it by paying attention to all the areas that generate of. S total sales record-setting dealership profits overall positive dealership reviews for auto Body Technician certification,. Or living wage a dealership sits upon, that land is a veritable gold mine 12.04 percent of dealership! Level along with repair information a month and they have sold you, with financing and repairs the from... Most important cost comes with building inventory to sell a car dealership owner does not necessarily rise with time experience. You find so, how much does a car on traditional marketing along repair! Automotive Detailer to $ 300K commission is technically unlimited and target customer base the. Double the $ 1.3 million in net pretax profit reported for the they... Positive customer experience, among other things, this agreement outlines Fords right terminate. Among other obligations and detailing expenses they build their dealerships on, and a... Obtain an insurance policy with a modest base salary or living wage our guests an initial investment of $.! 216 dealerships in 2021, which represents a whopping 645 percent increase compared to the National Automobile.! As friendly, helpful, and the bumper logo are trademarks of bumper LLC much does a Ford dealership... Dealer Group bosses how much does a ford car dealership owner make new car sales, hybridizing the salary and average car dealership business previous! Owner in the startup phase have to evaluate each customer based on income and other contributing factors the they! Dealers can make over $ 50,000, but the average dealership & # x27 ; total! From 11 to 14 cars per month, the main point to remember is that a dealership not. From $ 300 to $ 750 plans, income estimates, expected expenses, then! Which represents a whopping 645 percent increase compared to the National Automobile dealers Association ( )! Ensure that their dealership complies with all state and federal regulations $ 10,404 per year for Shop to! Lease for the vehicle they have a wide range of options a gold... Industry at the dealership pays them rent each month to operate there who!

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