Stocks. July 10 | Tue Jul 10, 2012 8:28pm IST. July 10 (Reuters) -Following are terms and conditions. of a bond priced on Tuesday. Borrower Volkswagen Credit Inc. Guarantor Volkswagen AG. Issue Amount $ 500 million. Maturity Date October 13, 2016 ... New Issue-Volkswagen Credit prices 0 mln 2016 bond
Chicago is a great city to do business in. Chicago has great contemporary life, is well known for its great infrastructure, is a hub of business and finance, and is one of the world's major global financial centers. Chicago is home to nearly 3 million people, and its extended metropolitan area, colloquially known by the moniker Chicagoland, is home to almost 10 million residents. If you are a Chicago Volkswagen dealer, there can be no doubt that your business has the potential to be great, but the fact remains that your competition too will certainly be equally fearsome. Read on to know about the perks as well as the pitfalls of being a Volkswagen dealer in Chicago, and the methods that you must employ in order to ensure the longevity and profitability of your car dealership.
The potential benefits of being a Chicago Volkswagen dealer are obvious. Chicago has a very large population, and the demand for automobiles is therefore bound to be correspondingly huge. The Volkswagen market is very profitable in Chicago and the probability of making a big profit is large. If you work hard and use the right strategies, there is no reason why your business should not do very well.
Lets now take a look at some statistics. As mentioned above, Chicago is home to nearly 3 million denizens and the Chicago metropolitan area houses approximately 10 million persons. There are almost 6,000 car dealers in Chicago and about 10,000 in the Chicago metropolitan area which encompasses Chicago the city. Approximately 200,000 cars are bought in Chicago each year, and the corresponding number for the Chicago metropolitan area is thrice that. This implies that on an average, a Chicago car dealer can expect to transact business of less than 4 automobiles every month. To tell the truth, fewer than one fifth of the car dealerships transact nearly 80% cent of the sales. The remaining car dealerships end up fighting for whats left. The largest negative of being a Chicago VW dealer is that the market is hugely fierce. Theres a tough world out there and the majority of car dealers have to fight for their lives day in and day out.
Again, car dealers also have to combat the bad reputation that they have unfairly gained because of the bad practices of a small minority of their peers. It takes a long time to gain the confidence of new customers.
Despite these challenges, you will succeed as a Chicago Volkswagen dealer if you use the correct strategies. The first tactic is to embrace new technology and use the internet. First of all, you should have your business website created by an expert, if you have not done so already. Your business site should have your address, phone and contact details and details of the services you provide, as well as a contact form that potential clients can use to ask questions. Make sure that you take a look at your email frequently and answer all questions quickly and professionally.
Secondly, you should hire a SEO professional and ensure that your business website ranks high on Googles front page for your local search terms. This is essential and will make the difference between 3 cars sold every month and 10 times that. Last but certainly not the least, hire good salesmen. Train then well and maintain a culture of honesty and putting the customer first. Build your reputation over time and make sure that your customer base keeps growing.
Being a Chicago VW dealer is not easy, but if you follow these easy steps, you will definitely succeed and profit. Good luck selling!
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