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
The NEW car
market continues to grow in March 2010!
The effects of the 'credit crunch' and financial
uncertainty have meant that the beleaguered car industry has
experienced a decline in new car sales activity not seen since
the 1980's - but the signs of recovery continue and the welcome
surge in activity first seen back in July has carried on through
the autumn with another positive increase announced with the
very latest cars sales figures.
**
March 2010 - Latest News **
Once
again the news is positive - UK car sales rose again in February by
26.4% compared with the same month last year, latest industry
figures have shown.
Private buyers lead growth with
business demand also strengthening.
Scrappage scheme accounted for 19.6% of the February new car
market.
Government urged to defer new car VED rise and boost business
confidence post-scrappage.
“Scrappage has generated eight consecutive months of growth in the
new car market and we expect its benefits to stretch beyond the
scheme’s closure later this month,” said SMMT chief executive,
Paul Everitt.
“Industry continues to face challenging market
conditions, but positive trends in the fleet and business sectors
suggest that negative impacts can be minimised. Strengthening
business and consumer confidence remains industry’s priority. A
clear and consistent approach to CO2 based taxation and improved
access to affordable credit are essential elements in sustaining
recovery in the new car 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.
**
March 2010 -
Latest News **
Figures recently released have shown
that the used car market is continuing to grow rapidly. In the
last nine months, 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...
