You can buy and sell cars making a generous profit in any market condition! You can make it in a roaring economy, the deepest recession, and even an economic depression. It doesn't matter if you live in small town America, a sprawling metropolitan city, or anywhere in between ... The used car market is virtually RECESSION PROOF! How is this possible?
THE PROOF IS IN THE NUMBERS! Every year the cost of a new car goes up, and in many areas a new car or truck costs as much as a house! It's crazy, but it gets worse ... The value of a new car will literally lose half (50%) of its value within the first 3 years. In most cases the vehicle is still covered by the original factory warranty!
THE FACTS DON'T LIE ...
7 to 8 used cars are bought and sold for every new car purchase
44 million USED cars will be sold this year
Average sale price of a used car is estimated at about $13,900
Average price of a new car is estimated at roughly $27,800
Averager person spends between $200,000 and $600,000 on cars over their lifetime
National average of 2.28 vehicles per household
Auto business is the world's largest industry next to real estate
40% of miles driven by a person is used for commuting to work (people have to drive to work)
Due to these factors, the damand for used cars will never go away! An automobile is a necessity in todays highly mobile society.
Myth #1: You'll need a lot of money to get started. Answer: Obviously at Royo, we don't believe this myth. Keep in mind, the traditional way to start in the automobile business requires a substantial investment. On average you could realistically expect to spend around $39,495 to get started with a modest level of inventory. Thankfully, at Royo you can get started as a Cash Car Member for only $495. You can also start your own "Business-Within-A-Business" when you upgrade or become a Royo Business Builder Member for only $1,850.
Myth #2: You need to quit your day job to do this. Answer: Absolutely Not! Becoming a Member of Royo is the perfect part-time business with a full-time income.
Myth #3: No one buys cars during a recession. Anwer: Typically new car sales slow to a trickle during a recession, and profit markup is sacrificed in an effort to survive. In contrast, the used car business may experience a slow down in volume, but we do keep on selling our cars. Buying and selling used cars just might be the perfect recession proof business.
