New Car Dealers Market: ZIP 48062
Opportunity Score
61
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48062 is an urban area with low foot traffic. with a population of 9,273 and household incomes above the national median ($75,763).
Area Profile
9,273
Population
$75,763
Median Income
+2% vs. national
Urban
Area Type
6.5/20
Foot Traffic
Car-Dependent
Median Age: 39.1 —
mixed-age market, broad menu appeal.
College-Educated: 18.0% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 48062.
4
Gas Stations
4.3 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
2BR Fair Market Rent
$882
Median Gross Rent
$250 K
Median Home Value
4
Bank Branches
$370 K deposits
Tips for Starting a Ev Vs Gas Business in Michigan
- 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 4
- Bank Branches
- 4
vs. National Average
Median Income
+2% vs. $74,580
Walkability
-4.1 pts vs. national avg
Nearby Markets
48050
4.5 mi
Pop: 1,290
$88,804
48041
5.9 mi
Pop: 4,385
$87,599
Walk: 4.2
48063
7.8 mi
Pop: 4,106
$91,591
Walk: 3.3
48048
7.9 mi
Pop: 11,065
$68,990
48005
8.0 mi
Pop: 5,315
$110,946
Walk: 6.1
48027
9.5 mi
Pop: 3,182
$84,939
Walk: 3.1
48002
10.1 mi
Pop: 3,129
$91,889
48096
10.6 mi
Pop: 3,779
$112,311
Walk: 5.1
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