Starting a car dealership is no small feat. It involves researching the market, finding sources of financing and inventory, setting up shop, and more. Having a checklist can help ensure you don’t miss any important steps in this process. Here is a checklist to get you started on your car dealership:
1. Research the Market: You need to understand the current market for cars in your area, including trends, competitors, and potential customers.
2. Get Financing: Secure financing from banks or other lending institutions to pay for inventory and set up shop.
3. Obtain Licenses & Permits: Your dealership will need to be registered with the state and obtain any necessary licensing and permits.
4. Find Suppliers & Inventory: Research local suppliers and contacts and start acquiring inventory for your dealership.
5. Choose a Location: Find or lease an appropriate location for your car dealership, including parking lots, showrooms, and warehouses.
6. Set Up Shop: Arrange any necessary décor and furniture for the showroom and office space, as well as additional features like a service center or deliveries.
7. Advertise & Promote: Start promoting your new dealership through advertising campaigns, special events, customer loyalty programs, and more.