New Car Dealers Market: ZIP 08648
Opportunity Score
76
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 08648 is an urban area with moderate foot traffic. with a population of 31,142 and household incomes well above the national median ($118,036). There are 11 new car dealers operations in ZIP 08648.
Area Profile
31,142
Population
$118,036
Median Income
+58% vs. national
Urban
Area Type
12.6/20
Foot Traffic
Walkable
Median Age: 39.4 —
mixed-age market, broad menu appeal.
College-Educated: 40.1% —
strong appetite for artisan/specialty food.
Competition
New Car Dealers and related businesses in ZIP 08648.
11
New Car Dealers
Moderate — proven market
3.5 per 10K residents
3
Gas Stations
1.0 per 10K residents
What this means:
New Car Dealers are 78.6% of the relevant market in ZIP 08648 (11 vs. 3 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,600
2BR Fair Market Rent
$1,953
Median Gross Rent
$400 K
Median Home Value
10
Bank Branches
$1.5 M deposits
Tips for Starting a Ev Vs Gas Business in New Jersey
- EV inventory allocation from manufacturers is tied to your state's ZEV mandate status. Dealers in ZEV states get more inventory. Period.
- Charging infrastructure in your area determines EV demand. Check PlugShare for the local charging density before stocking inventory.
- Used EV margins are volatile. Battery degradation concerns suppress resale values unpredictably. Factor in extended warranty costs.
- Service revenue per EV is 30-40% lower than gas vehicles. Fewer parts, fewer oil changes. Your service department model needs adjusting.
- The median income here is $118,036. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- New Car Dealers
- 11
- Related Businesses
- 3
- Bank Branches
- 10
vs. National Average
Median Income
+58% vs. $74,580
Walkability
+2.1 pts vs. national avg
Nearby Markets
08619
3.3 mi
Pop: 23,512
$104,922
Walk: 12.3
08638
3.8 mi
Pop: 23,373
$65,650
Walk: 13.9
08609
4.4 mi
Pop: 13,000
$56,932
08629
4.5 mi
Pop: 13,015
$81,367
Walk: 14.8
08618
5.6 mi
Pop: 37,162
$48,179
Walk: 14.5
08608
5.7 mi
Pop: 1,118
08690
5.7 mi
Pop: 18,996
$122,665
Walk: 12.4
08544
5.9 mi
Pop: 4,548
Walk: 14.0
Check Another Market
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About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits