How much do car dealers make in India?
The car/bike dealers in India currently, on average, earn less than 4-5 per cent commission depending on the manufacturer and vehicle while FADA is lobbying for a higher percentage. If you go to buy a car or bike, you select the vehicle, haggle (if a wife is along) with the dealer on the price, buy and then leave.
How much does it cost to start a Kia dealership in India?
As per industry estimates, for a mass-market brand, an investment of Rs 50-80 lakh is needed to establish a service dealership, depending on the service load. Meanwhile, an authorised dealership (including retailing, spare parts, servicing etc.) of Kia Motors in a tier I city could cost Rs 6-7 crore.
How do car dealers cheat in India?
Dealers dress up a demo car by repainting scratched bits, doing up the interiors, tweaking odometers and generally making an old car look like new. The poor customer drives off paying full money for a car that’s been used and abused countless times.
How can I get auto dealer license in India?
The standard procedure of getting into the car dealership business:
- Filling out the application form.
- Securing a surety bond (the number of security bonds that you might need, depending on your line of business).
- Buy liability insurance for your vehicles.
- Apply for a GST tax number.
- Develop your business location.
How do I buy a BMW without being a customer?
One way to do this is to buy into a lesser manufactures dealership first and run it so well that they ask you, rather than you asking them. BMW will not let anyone near there customers until they are certain the cuatomer will be looked after to a high standard.
Is BMW considered a luxury brand?
BMW is considered to be a luxury , upmarket brand . Can your pedigree maintain the brands social structure , are you known in the industry as “kosher “ owners . Well where do i start? A couple of questions , why BMW? Do you have the initial capital? Is it an existing site for a dealership , or a green site?
How long did it take you to become a BMW franchisee?
, Fifteen years in the auto industry. You talk to BMW USA. They will sell a franchise if you agree to their conditions, and they will determine the territory. If everything gets signed they will give you their requirements for the building, signage etc. They have exacting standards.
What skills do you need to work at a BMW dealership?
Apart from BMW exposure , do you have or understand the workings of a dealership , ie. your mission statement , complaint resolution , workplace regulations , fair trading , logistics , accounting , IT , cash flow and budgeting and forecasting , working capital , marketing trends and advertising , incentives .
https://www.youtube.com/watch?v=x57kTARKqkM