Alex Korchmar Brooklyn, New York

Auto industry is the most important industry in America.  Its share in US GDP is approximately three percent. There is a slowdown in the industry over the past few years owing to the economic and geopolitical conditions. Sales of vehicles in USA are on the decline as inventories with most of the car dealers have increased by forty percent says Alex Korchmar . Nevertheless, auto industry is one of the leading businesses. The lifestyle of people changes with the changing scenario of the economy. Ford Motor is the richest car company in the world. Coming on to the share that the whole segment of the car dealership industry hold is quite huge if see the figures? And these numbers are increasing day by day looking forward to the progress the industry has made. The stocks held by the car dealers are owned by banks or NBFCs. Car dealers buy from the different manufacturers and sell them at higher prices to earn profits. Around one to two lac dollars are required to start a

Financial planning plays a major role in the growing organization. It is not a small thing to manage. It includes all the big financial decision, investing decision and the retaining or distributing the profits. There is a lot of responsibility on the financial manager and its team to manage the finances of the company well says Ilan Korchmar . As fiancé serves as the life and blood of any business. All the activities of the business require liquid fiancé for working efficiently. There is a proper series of step to elaborate the financial plan of a company which are as follows: Determining your current financial situation: The first step begins by analyzing the as-is situation of the company by analyzing all the trends the company is going through. Developing financial goals: After analyzing the situation of the company develop a plan to make the situation as you want it to be to improve the working of the company. Implementing a financial action plan: Af

There are many business which are getting pace in this growing competitive market and car dealership business is one of them. It is one such phase of car industry which is leading. The whole idea behind the dealing of car is the many folks want to update their model of the car or want to upgrade to a luxury version. So this whole need creates the business of car dealership. Apart from this the vintage car business is also rising tremendously in the recent years says Alex Korchmar .  It is a sign of vintage fashion. The business of cars is on the rise largely depending upon the prevailing conditions and consumers confidence. Proper planning, legal requirements, location, type of dealership must be taken into account while getting into a car dealership. Most of the dealers in the state of Florida offer Asian cars whereas other states sell SUVs instead. You are required to fill an application form, get a surety bond and sales tax number to start a car deale