Used Car Dealerships

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by a searcher from Louisiana Tech University - College of Business
in Houston, TX, USA

3yrs ago

Used Car Dealerships

Does anyone have experience acquiring used car dealerships? Are they good acquisition targets and can they be run as an absentee owner ? Currently looking at a couple and any tips and advice would be helpful

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reply by a searcher 3yrs ago
from Louisiana Tech University in Houston, TX, USA

Thank you for the tip. It seems like it has its challenges like any other business and sound like the guy in your example wants to keep it in the family.

reply by a searcher 3yrs ago
from Louisiana Tech University in Houston, TX, USA

Hi John, I’m starting to come to that conclusion myself so thank you for confirming my thinking. I also saw an article that add significant uncertainty to the future viability of the used car dealership business in its current form ie California’s new law banning the sale of gasoline cars starting in 2035.