The car dealership industry has gone through a number of phases and industry observers say that the looming car dealership is large because of the off-lease vehicles. This sub-area has seen significant growth in the car sales business and experts say the trend is likely to continue into the future. Currently, however, Andrew Stowe, a Senior Director in charge of valuation at J.D. Power said that the “Used car dealership is becoming a hot cake. This is where every dealer wants to be going forward.
Dealers seem to concur with this thinking and are working to capitalize on the trending market as much as they can. Some of the factors that account for this growth include affordability, which experts say have driven more purchases. Some of the largest dealers, including James Boening, the Executive Director at Ourisman Lexus are becoming bullish when it comes to used cars. Today, every car dealer is becoming to put the ordinary person at the forefront and are beginning to price prospective car owners out of the “New Market”, Automotive News established. According to Boening, the user has a long-lasting trajectory in the car dealership business.
According to the National Automobile Dealers Association, the average buying price of a new car stood at $36,402 during the first half of 2019 compared with 35,249 the same period in 2018.
On the other hand, the average price of a used car has been rising over the past. Surveys indicate that in June 2019, the price was averaging at $20,835, especially for franchised dealers, compared with $20,300 the same period the previous year. In a different analysis, the NADA established that during the first 9 months of 2019, the average sales of new cars slowed down by 1 percent to approximately 26 million while the average used car sales during the same period rose by approximately 3.8 percent, to $15 million.
A business magnate and a philanthropist, Don Forman Las Vegas has and continues to be a household name in the car dealership industry. While the car dealership has been associated with big gains, not so many used their massive gains to bring development to the community in the same way Don Forman did. He’s used his business acumen to reap profits and repurposed the same profits to benefit the very community from which his business draws its growth. Don Forman, the Proprietor of United Nissan in Las Vegas exemplifies the philosophy of giving back to society in multiple ways.
How Don Forma Stands Out of the Rest of the Dealers
In the view of the community in which he operates, Don Forman Nissan is just more than a car dealership owner, but he’s a humanitarian. He firmly believes that nothing feels good than giving back to the community on whose shoulders you’ve relied on to make it in life. He’s used his significant business resources to develop specific areas of focus in the community in which he works. He not only operates a friendly and highly profitable car dealership but also uses his advantaged position to return good. A classic example is when he partnered with the Fox5 Surprise Squad, a revered local team that identifies the less fortunate in the community for help. Once an individual is identified as the most in need, he is surprised with a lucrative form of support. One of the things you’ll be surprised with is a posh car donated by Don Forman’s car dealership or a colossal amount of money that would go a long way to transform the lives of the recipient.
Investors and prominent business people in the community have massive resources at their disposal and while not many choose to use part of them to do good, Don Forman dealership elected to make the difference and give back. Make up your mind to pick up a new or used Nissan at Don Forman car dealership today and be a part of the community development team!