4 Vital Steps to Becoming a Bosch Authorised Auto Dealer
Becoming a Bosch authorised dealer is a lucrative achievement, but will require you to be knowledgeable about the car dealership industry. Many people across Australia have made successful careers out of car dealerships, either virtually or with physical lots. This post will share four essential tips to help you become a successful Bosch authorised dealer.
Decide on the Type of Auto Dealership
Licensed auto dealers have a variety of options to choose from when running their business. For this reason, you can either choose to run new or used auto dealership, or both. Besides, you can decide to work from a physical lot or run your dealership virtually online.
For a new car dealership, you may require to franchise with the Bosch manufacturer to operate legally. On the contrary, when you want to run a used car dealership, you don't need franchising, but a proper license from the state. New auto dealers can sell both used and new cars, whereas used auto dealers only handle used vehicles.
Study the Dealership Licensing Requirements
After determining whether to go for a used or new dealership, you need to check your state or region's licensing requirements. Besides, you need to understand the Department of Motor Vehicle (DMV) or Department of Licensing (DOL) ordinances. One of the terms of obtaining an auto dealer license is meeting the set DMV/DOL requirements. You can review your licensing requirements and the whole process of getting a new or used car dealership license.
Undertake Bosch Dealership Training
After understanding how and where to receive your auto dealer license, it's vital to get the right dealership training. Auto dealers who run their business either on physical lots or online need to learn specific functioning of the industry, consumer needs and other legal requirements. Besides, this type of training course may be a mandatory part of the licensing process. But even if it's not, it's an essential part of placing your business on a success path.
You can get Bosch auto dealer courses online or in person from their training centres. Besides, confirm with your local universities or colleges to find out which opportunities are available for training. Furthermore, various educational institutions, such as Auto Dealer Training Association, provide training for both experienced and new auto dealers.
Get Your Dealership License and Bond
Finally, after completing the steps above and crafting a business plan, it's time to go for your auto dealership license. Ensure you check with your state guidelines to confirm the requirements for a new and used dealership, or those operating online or physical lots. Besides, check your DMV and DOL regulations as per your area to determine the appropriate license you'll need for your business model.
