Buy And Sell Cars For Profit!

No, the Nano car won’t kill the used car business here, but it sure is freaking out new and used car dealers in some countries…and for good reason. The Nano car is manufactured by Tata Motors in India and they plan to sell it initially all over India and China. This goofy looking car seats [...]

I have always felt that buying and selling cars for profit is one of the few true recession proof businesses. And in spite of the current economic BS — I still feel that way. How come? Because (and I know I’m really simplifying things here) you have three kinds of used car buyers… 1) You [...]

After selling more than 6000 cars since 1957, Dean Salter at 80 is still going strong and plans on selling cars for as long as he’s healthy. He credits his longevity in the car business to being a people person and having an understanding wife. With five children and 10 grandchildren, selling cars has allowed [...]

After two years of decline, the number of vehicles wholesaled at U.S. auto auctions increased 1.8% to 9.57 million in 2006. Also, the average wholesale prices were up 1.6% too. Manheim also said the net profit for used vehicles (for large car dealership lots) was an average of $230.00 per car and the average net [...]

Manheim car auctions is expanding globally with plans to open used car auctions in China and possibly Mexico.