autonaero:


In addition to the above, I think having a succint strategic plan is necessary for anyone going into the business. Don;t just jump into it because of the money. Learn the trade, plan well and grow fast.

JijiNg:
Share your experience as a car dealer, a car "buyer" and or add more insights.
Good Luck!

autonaero:


In addition to the above, I think having a succint strategic plan is necessary for anyone going into the business. Don;t just jump into it because of the money. Learn the trade, plan well and grow fast.

AutoG:
Successful Auto Dealership In Nigeria

In the last decade and a half the number of auto dealerships in Nigeria have increased astronomically. This in turn has made competition in the sector very keen. Aside dealerships, many individuals have taken up the business due to minimal or non-existent entry requirements. Consequently, cars are now displayed on both high streets and street corners, at dealerships and by front entrances, online and offline, social media etc. Everywhere you turn there are 'buy me' stickers clinging on a drive by car ever so often.

The trade is non exclusive, anybody can operate in it. Those in full time paid employment are not left out, they desire a little extra income on the side and very often find the auto business a no-brainer to enroll. This sort of 'encroachment' gives steep competition to more established full time dealers such that they sometime consider the business not worthwhile or non profitable any longer.

The essence of these few lines is to let both established and budding auto dealers know that indeed the auto business is still quite lucrative and worthwhile because more people are buying cars everyday. We have compiled some points, in no particular order, on HOW TO SUCCEED IN AUTO BUSINESS IN NIGERIA and listed them below. To make for easy read, each point is made brief and concise:

1. Do Volume: Rather than aim at making one million naira profit margin on sale of one car in like six months or more, it is wiser to make N200,000 profit margin per car and sell 5 cars in 3 months or less. This way funds can be grown and turned around faster.

2. The Masses pay: Similar to the point above, it is more viable to deal in cars for the mass market rather than high end luxury cars. In such an economy like ours, the cost of high end cars are indeed too high at the end of the day. Everybody loves luxury, only few can pay for it, perhaps less than 10% of buyers.

3. Salvage and Damaged: A salvage titled vehicle is so termed primarily because the cost of repairs and spares are high especially in the US. That a car is salvaged in US does not mean same in Nigeria because labour is much cheaper here and spare parts too surprisingly, I'm sure you'd think all spares and auto jobs done in Nigeria are substandard - Sorry they are not.

4. Be Upfront: Many buyers are aware that most vehicles in car dealerships around town these days are previously damaged and salvaged. It is now commonplace for buyers to ask for VINs before parting with their hard earned money. So, why hide it? Make it clear from the onset, if he doesn't buy someone else will, you'd save yourself a lot of potential trouble.

5. Let it Go! Avoid being greedy, sell below market price because you must have bought cheap using a salvage auction. 30 - 40% return on investment in 3 months is awesome anywhere in the world! However, you need to be careful dealing in salvage vehicles, to get very good deals:

A. Never buy in a rush, take your time.

B. If you cannot inspect physically, look at the pictures very closely and expertly.

C. Avoid airbag deployed, engine damaged, badly damaged chassis cars or replace airbags during repairs

D. Get very good people to work on the car for best quality repairs

E. Never repair in US, it's too expensive plus you defeat all economic purpose.

F. Stay away from flood damaged cars, if you must do flood do old model small cars

G. Get the right clearing agents whose rates are competitive and whose documents are genuine.

H. Get the right trucker and shipper preferably with storage facilities. Poor logistics can affect your efficiency and delivery negatively.

I. Once you win from the auction, pay and pick up immediately to avoid penalties

J. If you miss a deal do not feel too bad, many better ones will come.

K. You may/would get your fingers burnt a few times especially if you are a fresher, do not despair just take it as a learning process and price you pay for knowledge.

L. Get some form of dealership license if you can, it is not so difficult and you have wider options and flexibility.

We hope these few thoughts can help you launch out or improve your auto business venture in any way possible. Thank you.


Article from M.D's desk


info@autogeria.com, 0814 999 0 999, 0818 70 30 888

Carmartng:
An Instagram car influencer @_ola_of_lagos has just won N2 Million and a trip to Dubai.

The Instagram influencer who has over 200 thousand followers on Instagram and an endorser of Carmart Nigeria became a lucky winner of the money as an Instagram advertiser @mufasatundeednut reached 2 Million followers.

King Tunde Ednut, an Instagram blogger who posts short amusing videos and advertisements and has many celebrity followers like @davido, announced last month that if he reached 2 million followers, he would hold a giveaway of the exact amount.

Although roughly ten persons were shortlisted for the prize, it was won by @ola of Lagos, whose real name is Waris Olayinka Akinwande.

Davido read the post after he was proclaimed the winner yesterday and wrote that he was going to add a trip to the Dubai Car Fashion Show.

Waris shared a screenshot of the N2 million transfer to his account as well as a thank you message, writing, “That Homeless Cleaner Boy has won 2M and a Trip to Dubai… Sir Tundeednut and OBO, after God na You both…

He thanked @mufasatundednut, stating, “If Not for Sir Tunde, Where Am I for Dey God?”

https://www.carmart.ng/public/blog/davido-tunde-ednut-gift-ola-of-lagos-2-million-a-trip-to-dubai/

lekkys:
The car is first body engine and gear are working well,air condition has leakage. The price is #1.3m call or watsap me for more details on 08179484015 or 07016465417 for more details.

legalwealth:


It is still working for FREE! !!

Load the deposit, and it won't be touched whenever you run VIN checks. You could use the deposit to buy stuffs on copart, iaai, adesa, maheim, etc. through the platform.

GAZZUZZ:


Problem cannot be solved remotely .

You currently have an engine running below operating temperature possibly due to a bypassed fan connection or missing thermostat.

Your technician should detect where the coolant is going to. Its one of 2 things. Its either leaking, or entering into the engine (oil or combustion chamber)

Good luck

well said!

fizcoo20:

fizcoo20:


Thanks.
Appreciate

Kcxee:
Good evening everyone I need Mazda 323f for purchase if u have one please let me know.

autonaero:


Toyota Camry has fewer cosmetic features such as alloy wheels and color matching door handles, than Honda Accord. This is why the high-end Honda model is likely going to be your best bet if you want a car with plenty of popular features and an almost luxury level of look.

fizcoo20:
plz, i need una advise. i need your comment between Honda Accord 2001 and Toyota Camry 2001. which one is advisable to choose between the two.

Thanks in anticipation.

fizcoo20:
plz, i need una advise. i need your comment between Honda Accord 2001 and Toyota Camry 2001. which one is advisable to choose between the two.

Thanks in anticipation.