Car Broking – The most lucrative business you've never heard of...
Did you know that every vehicle sold by the motor trade has to be replaced? Pretty obvious really, especially when you look at
your own life. Let me put it to you this way. How many cars have you owned since you passed your driving test? Most likely
it’s at least 5 or 6, isn’t it? In fact, according to the UK Commission for Integrated Transport's recent Buchanan Report, we
actually own our cars for an average of 5 years, making it 10-12 cars during your lifetime. A huge turnover of vehicles ...
But first - let's just explore
exactly what's happening in the industry in 2009, both in the
New Car market as well as the Used Car market...
NEW CAR SALES – The continued UPTURN in the market in 2010
UK new car
sales 'strong' in May!
The effects of the 'credit crunch' and financial
uncertainty, particularly in 2008/09, meant that the car
industry experienced a decline in new car sales activity not
seen since the 1980's - but the signs of recovery continue and
the welcome turnaround in activity first seen in late 2009 and
now continuing through 2010 continues with another positive
increase announced with the very latest cars sales figures.
** June 2010 - Latest News **
UK new car sales rose 13.5% in May compared with the same month a
year ago, according to the latest industry figures.
The number of new cars sold in the UK during the
month was 153,095 compared with 134,858 in May last year, the
Society of Motor Manufacturers and Traders (SMMT) said.
The increase marked the 11th successive monthly rise.
But the SMMT warned the coming months would be "extremely
challenging".
It added that sales for the full year were expected to "dip
slightly" after the UK's scrappage scheme closed.
The scheme, which offered new car buyers a £2,000 discount if
they scrapped a car that was more than 10 years old, started on 18
May 2009 and came to an end on 31 March 2010.
The SMMT said almost all scrappage orders had now been
delivered, with only 2.7% of sales in May coming through the scheme.
That compares with an average of 17% a month since the scheme
started.
"It is essential that the upcoming emergency Budget
promotes consumer and business confidence to maintain economic
recovery," said Paul Everitt, SMMT chief executive.
Sales volumes over the first five months of the year had
risen 22% from a year ago, the SMMT said, reflecting the weakness of
the 2009 market.
For more information on the industry please see
the SMMT's
Motor Industry Facts.
USED CAR SALES – The continued UPTURN
in the market in 2010
Whilst the new car
market is improving, the used car market continues to remains buoyant as
some people have put off buying a new car
(more often because they cannot get a loan to finance their
purchase) and instead decide to trade up to a (newer) used
car, or trade down to a cheaper, more fuel efficient car.
**
June 2010 -
Latest News **
Figures recently released have shown
that the used car market is continuing to grow rapidly. In the
last year alone, used car
sales for vehicles over 3 years old have increased by over 70%.
So, demand in the used car market
continues to grow, particularly with regard to diesels and
smaller cars.
A spokesman for Glass's Guide said...
"The recession continues to have an impact on the
rates of used car depreciation, with the values of smaller
fuel-efficient cars and particularly diesels remaining strong."
Either way, it's good news for a broker, who's business revolves
around the sourcing of good used cars and working with both
private sellers and dealers in the trade to help 'broker' the
best deals.
So the market for used cars continues unabated
and many dealers have found that stock levels have not matched the 'run rate' on retail demand, and have to continually look for new
stock. Particularly good-quality used cars.
The dealers can't get enough of them, because they're their key to profitability. You only need to check out the "cars wanted"
sections for quality cars in any newspaper. There are pages and pages and pages of them. As a result, car broking has become a proven
vehicle sourcing business opportunity, with companies and individuals identifying and sourcing cars from private individuals looking to
sell, and finding buyers for these vehicles within the motor trade.
In
fact,
even in today's market, there are still hundreds of thousands of used cars out there every day waiting to be sold by private owners,
(with these owners often desperate to sell but frustrated at not being able to find a private buyer), and thousands of dealers throughout the country who
are desperate to source cars every day to fulfil their business sales targets, as good-quality second-hand cars are
their 'bread and butter'
Your chance to build
a significant income as a Car Broker...
Do you know how car dealers find cars to sell? You might think it's only the big car dealership chains who make all the money
when cars are bought and sold. But nothing could be further from the truth.
The smaller independent operators and dealerships need to rotate
their stock as well, so your potential marketplace is vast.
Just remember, dealers are always in need of stock, and they
usually get this from three sources:
1)
Auctions
2)
Trade Ins
3)
Other Dealers
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But
if they can find someone who can source them good quality used
cars of the right specification, colour, mileage, owners,
condition etc that will sell well off their forecourts, then
they will be happy to pay you a good commission to help them
obtain these.
You see, despite their size, there's no way these
dealers can find all the good deals around.
They can't do it all themselves
and they will happily pay you money to help them source the
cars they need, either for stock to put on their forecourts or to
fulfil their customer's requirements.
In return, you as a car broker provide these dealers a much-needed
and valuable service, as main agents and dealers are constantly on the
lookout for quality vehicles to satisfy their insatiable demands.
Source
these vehicles for them – by putting the buyers in touch with
sellers – and you stand to make a LOT of money.
How much money? Well, you can be paid on average
£500 per
deal. Why? Simple, because the service you provide makes a significant
contribution to your client's much larger profits. Since
dealer’s profits can typically range from around £1,500 to
£2,000 (and then upwards) per sale, a £500 commission for you is
a realistic figure.
Here's A Quick Recap Of How Car Broking Works
'How To Become A Successful Car Broker' –
Your Move Towards Financial Freedom
Produced in a simple to follow format, the 'How To Become A Successful Car Broker' business
opportunity package is designed to get you
up and running as quickly as possible, and gives you everything you need to know about the vehicle sourcing business, whether you want to work part
time or full time.
The opportunities for earning good money from car broking are only limited by your own ambition. But like anything worthwhile
in life, you've got to know what you’re doing, or you could lose a lot of money (no point in brushing it under the carpet is there?) You
need to know where these profit opportunities are, what sort of cars (and buyers and sellers) to look for in each deal, and how to
take advantage of these opportunities to make maximum profits with minimum hassle.
But now there's a way you can cash in on
the U.K.'s 'National Obsession' with cars – without spending a
fortune to do it. And that's where my home study business
package 'How To Become A Successful Car Broker'
can help you...
