A car dealership is a franchise that sells new cars, used cars or both, provides maintenance service for cars, stocks and sells parts, and processes warranty claims. Meanings of franchise: Full rights of citizenship given by a country or a town, especially suffrage (political franchise) In a wider sense: any right or privilege granted by constitution or statute. ... Cars is: The plural of the car Cars, the seventh Pixar movie, scheduled for release in 2006, and the final Disney/Pixar movie. ... Cars is: The plural of the car Cars, the seventh Pixar movie, scheduled for release in 2006, and the final Disney/Pixar movie. ...
External link
National Automobile Dealers Association (http://www.nada.org)
Used car dealerships carry cars from many different manufacturers, while new car dealerships are generally franchises associated with only one or two manufacturers.
A new cardealer may mark up a car by less than two percent over the manufacturer's invoice cost, and typically the cardealer borrows from the manufacturer for inventory and pays interest (called flooring or floorplaning).
Car titles are issued and transferred by the individual states through their respective Departments of Motor Vehicles.
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