I don't know if there is any business that can double the cost price of the products as much as dealing with cars
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Do You Think Buying and Selling Cars Still Profitable Today?
- Thread starter freelancermaria
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it is still profitable
Being able to perform basic repairs and maintenance can significantly reduce costs and increase profit margins.
Being able to perform basic repairs and maintenance can significantly reduce costs and increase profit margins.
The good thing about selling cars is that the business is saturated. It is still very closed and one can make profits entering it.
Yes but you need to know that it is capital intensive. When once there's money for the start off you can try to make a success of it
Still profitable but you need cash behind you and the right cover. I buy and sell a few on the side here in the UK and the only way I could do it was getting set up with Traders Insurance for part-time motor trade. Keeps it above board. Margins aren’t massive but there’s still money in it if you buy smart.
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I think that buying and reselling of used cars are more profitable than having to sell imported cars. People can easily afford to buy used cars than imported cars.
Of course that business is very much profitable but one must have an alternative business along with it because it takes some time to get some active buyers for cars nowadays.
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True, a relative of mine knows someone who is into this, and most times my relative also gets some percentage when he helps them sell, so it is a very lucrative business.
The most well known show rooms make the most of the sales here. The business needs a lot of experience for one to make it. The business obviously requires a very intensively amount of capital for it to run smoothly.
Buying and selling of cars is still a profitable business. There are new car owners everyday and more are still saving for it.
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It depends on a location. With the recent upsurge of the prices of everything I doubt if the car sales in the previous years are the same in this year. Only the rich and employees with big salaries can afford to buy a car this time.
Yeah when people still fancy Owings cars they is no where the sales of car wouldn't still be in vogue