Why Buy A Toyota Dealership
The world’s most profitable automotive company.
Toyota boasted $2 billion greater profits than their closest competitor in 2019. In the US, the brand has climbed throughout the decades, from 1% market share in 1970 to upwards of 15% in the 2000s and 2010s.
Anyone considering car dealerships for sale should pay attention to these numbers. They are now the only international motor company to compete neck and neck in the US market with American manufacturers.
Read more below, and view our listings here to find your next Toyota dealership for sale.
More on the value of Toyota dealerships
What has led to Toyota’s enormous success? Above all things – lasting value. They make a sustainable and reliable product. In addition, they have great service departments, a reputation for supporting their dealers and customers, and consistently high rankings in major automotive categories, all making them one of the top car dealerships for sale today.
Reliability = Loyalty
According to a J.D. Power 2020 report, Toyota has a loyalty rate of 60.3%. As a dealership owner, that’s as close as it comes to guaranteed business.
Why do customers return to Toyota? Any smart, economical customer will see the common sense in owning a Toyota. They deliver on fuel economy and low cost of maintenance, they dominate the list of models to last over 200,000 miles, and they have no shortage of tech and safety features.
That value and loyalty are backed up by Toyota’s top-ranking service departments and CPO programs (see below), which help retain customers and bring in new prospective buyers. All these factors add to the brand’s value for those in search of automotive business for sale.
Strength and Depth of Their Vehicle Lineup
Toyota delivers this lasting value in a lineup that appeals to just about any demographic, from cars, to SUVs, to Tacoma and Tundra pickup trucks. The Prius continues to be the top selling hybrid in America, and overall, Toyota accounts for nearly half of all hybrids sold in the US – making it by far the top brand for consumers looking to lower their carbon footprint.
Reliability = Resale Value
…and Resale Value = profits for Certified Pre-Owned programs.
In addition to longevity, a vehicle’s resale value comes from features in safety, technology, comfort, and convenience. Plenty of such features come standard on Toyota vehicles.
With Toyota’s reputation for reliability, combined with the assurance of Certified Pre-Owned, it’s easy for customers to recognize a pre-owned Toyota as a smart choice. Toyota backs up this confidence with a generous 7-year warranty and one year of free roadside assistance.
All of these factors generate well above-average prices on pre-owned Toyotas and profits for dealerships. A 2015 Camry will sell between $13k and $20k. A 2017 Tundra can sell for over $30k. The list goes on.
The One Thing to Remember
Toyota is the worldwide industry leader. They’re a powerhouse and a mainstay in the auto industry.
When considering automotive dealerships for sale, Toyota (like its vehicles) is a reliable investment. It’s a dependable engine for profits, with value to last for decades to come.