Sell Luxury Cars

Sell Luxury Cars Success Stories [2024]

Pat Walls

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Updated: October 7th, 2024

The luxury car business is a niche market targeting super-rich people with substantial disposable income and displays of wealth.

Starting a luxury car business requires a considerable investment in terms of Cash. To start the luxury car business, write a good business plan and study the competition. Understand the market trends so you do not end up stocking luxury cars that will not fetch a good profit. Register your business and create a tax account to keep up with the tax payments.

In this list, you'll find real-world sell luxury cars success stories and very profitable examples of starting a sell luxury cars that makes money.

1. The Clunker Junker ($5.89M/year)

Eric and Valerie Mitz, founders of The Clunker Junker, initially started off as an affiliate website generating leads for junk car removal companies. However, after facing challenges and setbacks, they decided to provide the service themselves and built a custom software platform connecting junk car buyers and sellers. The Clunker Junker has since grown into a successful business, generating close to $6 million in revenue in 2020.

How much money it makes: $5.89M/year
How much did it cost to start: $20
How many people on the team: 4

How We Built A Platform To Buy Used Cars And Grew It To A $6M/Year Business

The Clunker Junker founders built a modern platform that has enabled the purchase of hundreds of thousands of cars across the US, generating almost $6 million in revenue in 2020 and changing their lives forever.

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