Stand-alone used-car dealerships are trendy these days. Sonic was an early adopter with Echo Park. In the past few weeks, AutoNation announced it would create stand-alone used car dealerships and Penske acquired CarSense, a chain of stand-alone used car stores.
No-haggle pricing is often a feature at these businesses because let’s face it, consumers really hate negotiating a used car price. Some dealership groups have their own approach to making buying a used car more palatable. Prime Motor Group, which is profiled in this week’s issue, offers the “Prime Peace of Mind” guarantee.
The guarantee says that if a buyer is not happy with a used car purchase from Prime Motor Group, the vehicle can be returned within 30 days or 750 miles and exchanged for a vehicle of the same or greater value. A new car can be returned within 48 hours for your money back.
They are two of the “common sense” measures making up The Prime Difference operating model at Prime Motor Group, David Rosenberg, owner of the dealership group tells Automotive Buy Sell Report in this week’s profile.
It is almost the end of 2016 – can you believe it? And of course, year’s end means the close of a tax year. Dealerships need to be thinking about the potential ramifications of a new president due to take office with decidedly different thoughts about taxes.
In this issue, CliftonLarsonAllen offers some year-end tax tips considering possible future changes in tax policy under a Trump presidency.
Then we have, of course, Transaction News.
Enjoy!
