A Toyota Dealership is an establishment that sells new and used Toyota vehicles. Often, dealerships also offer maintenance, repair, and financing services. Some dealerships are independent, while others belong to a national or regional car manufacturer chain. Some dealerships, such as the Bay Ridge Toyota in Brooklyn, NY, also act as a charity organization, helping individuals who have been wronged or contributing to local organizations that make Brooklyn a better place to live.
Who is the biggest owner of Toyota?
The earliest automobile dealerships were owned by private owners and operated as an independent business. They sold automobiles and parts to customers on a commission basis, with the owner receiving a portion of each sale as their “profit”. By 2010, most states had laws prohibiting manufacturers from sidestepping independent dealers by selling directly to consumers.
Dealerships are governed by state and federal regulations and must adhere to strict guidelines in order to remain open for business. The laws require that dealerships provide fair, competitive pricing, as well as excellent customer service. In addition, they must provide all of the necessary documentation to the consumer when a vehicle is purchased.
In Japan, Toyota has numerous dealership chains which operate independently of each other. Up until May 2020, each Toyota dealership chain offered a different selection of models, with some models exclusive to one chain to maintain exclusivity. Since then, all current Toyota models have been available in all retail channels nationwide. In the US, dealerships are regulated by the Federal Trade Commission.