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New Car Dealers Market: ZIP 60048

Opportunity Score

76 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 60048 is an urban area with moderate foot traffic. with a population of 28,945 and household incomes well above the national median ($169,283). There are 13 new car dealers operations in ZIP 60048.

Area Profile

28,945

Population

$169,283

Median Income

+127% vs. national

Urban

Area Type

10.3/20

Foot Traffic

Walkable

Median Age: 42.7 — older demographic, may prefer sit-down options.

College-Educated: 47.9% — strong appetite for artisan/specialty food.

Competition

New Car Dealers and related businesses in ZIP 60048.

New Car Dealers

Moderate — proven market

4.5 per 10K residents

Gas Stations

3.1 per 10K residents

What this means: New Car Dealers are 59.1% of the relevant market in ZIP 60048 (13 vs. 9 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$2,070

2BR Fair Market Rent

$1,569

Median Gross Rent

$540 K

Median Home Value

Bank Branches

$2.2 M deposits

Tips for Starting a Ev Vs Gas Business in Illinois

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 $169,283. That gives you pricing room most markets don't offer. Don't underprice.