new dealership
Three Wheelin'
Joined: Mar 2006
Posts: 1,535
Likes: 2
From: Orlando, FL
They say the only sure way to make a fortune in winemaking is to start with one. I suspect it's the same with car dealerships. I also think the U.S. luxury car market is a poor place for your investment dollars these days. Porsche AG sees much greater opportunity in China and is gearing a greater percentage of its assets to serving that market. U.S. car allocations are on the decline. If you want to be a car dealer over here, think Toyota.
Burning Brakes
Joined: Dec 2005
Posts: 881
Likes: 0
Given the choice, I'd rather own a Toyota dealership than a Porsche dealership. It would be interesting to find out what the difference in valuation actually is between these two dealerships in various markets.
But is it really as simple as buying an existing dealership? Doesn't the manufacturer have to approve the buyer (ie, using non-asset-based criteria like prior dealer experience) in order to continue the franchise relationship?
But is it really as simple as buying an existing dealership? Doesn't the manufacturer have to approve the buyer (ie, using non-asset-based criteria like prior dealer experience) in order to continue the franchise relationship?
Rennlist Member
Joined: Mar 2004
Posts: 2,218
Likes: 10
From: Colorado
