If you are considering opening up a Toyota dealership, there are several things you should know. In this article, we’ll talk about the history of Toyota dealerships, how much it costs to start one, and some things you should be aware of when you’re searching for the best inventory for your business.
History of Toyota dealerships
One of the oldest dealerships in Canada, Bill’s Toyota, opened its doors in 1965. The dealership was run by a family, but the business has been sold to its sons. It specialized in selling Toyotas, with a focus on automotive service. This is one of the few dealerships that still operates in Fort Erie.
When Bill was 20 years old, he immigrated from Hungary to Canada as a refugee. He was trained as a Class “A” Mechanic. He worked at a variety of different automotive shops. In addition to selling Toyotas, he also helped establish the Toyota brand in Canada.
As he was learning the ins and outs of the auto business, he met an executive from Toyota Motor Corporation. They subsequently decided to sign a deal.
That same year, the first Toyota dealership in Philadelphia, Central City Toyota, was established. That dealership offered a wide selection of vehicles, including Toyotas and Isuzus.
Central City Toyota also became a major repair and service facility for import cars in Philadelphia. A gasoline crisis in 1970 spurred the dealership’s growth.
Cost of opening a Toyota dealership
Opening a Toyota dealership is an exciting business venture. However, the cost of opening a dealership isn’t cheap. Depending on the size of the facility and the number of vehicles to sell, you can expect to spend upwards of $100,000.
The amount of money you need to open a Toyota dealership is a factor of both the type of vehicle …