Originally Posted by
percy
My experience is very different,[no surprises there.!],good second hand car dealers enjoy fat profits,and those who joined together to form MTF,or started financing their own deals,went on to enjoy even fatter profits.
New car sales were a little different, as they were franchises,covered by the likes of Toyota and Ford, who were forever looking for market share.Meant slim profits on new cars,and dealers left trying to make money out of second hand car sales and parts.None ever seemed to make money in their service departments.Tractor sales also meant a lot of money tied up when farmers hid their wallets,which they often did.Being part of a franchise group, also meant opportunities for rolling out their business to other centres was limited.
The Turners model is the best I have ever seen,and easily scaled up.Property development,vehicle and equipment sales,finance and insurance.Total package.However I would not be surprised to see Turners try new cars too.They certainly have the channels to sell them.