MCC 5592 - Car dealerships

Merchant Category Code (MCC) 5592 is associated with car dealerships, a vital part of the automotive sales industry. This code is primarily used for businesses engaged in the sale of new and used vehicles. These businesses serve as crucial intermediaries between automobile manufacturers and consumers, providing a wide range of automobiles, including cars, trucks, and SUVs.

Types of Services

• Automobile Sales: Primarily involves the sale of new and used cars and light trucks.
• Financing and Leasing Services: Car dealerships often offer vehicle financing options, either directly or in partnership with financial institutions.
• Trade-In Evaluations: Many dealerships facilitate trade-in services, allowing customers to exchange their old vehicles for credit towards new purchases.
• Extended Warranty Offers: Dealerships often provide extended warranties at the point of sale.

Related MCCs

• MCC 5511: Motor Vehicle Dealers (New and Used): Encompasses dealerships that sell both new and used vehicles, often broader than single-brand dealerships.
• MCC 5599: Miscellaneous Automotive Dealers: Covers dealers of various automotive vehicles and equipment not classified under standard new and used vehicle dealers.
• MCC 5533: Automotive Parts and Accessories Stores: Includes retailers specializing in car parts and accessories, typically not involved in vehicle sales.

FAQs

• What types of vehicles are typically sold under MCC 5592?
  - This MCC is predominantly used for the sale of new and pre-owned cars, trucks, and SUVs.
• Do dealerships under this MCC offer financing?
  - Yes, many car dealerships offer financing options either directly or through partnerships with banks and financial institutions.
• Is MCC 5592 applicable to online car sales?
  - While traditionally associated with physical dealerships, this MCC can also apply to businesses selling vehicles online as part of their operations.

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MCC Categories

Agricultural Services   Airlines   Business Services   Car rent   Cars and vehicles   Clothing stores   Contract services   Entertainment services   Government Services   Hotels / Resorts   Mail / Telephone Sales   Membership оrganizations   Miscellaneous Stores   Not categorized   Personal services   Professional services   Repair services   Retail Outlet Services   Service provider   Transportation Services   Utility Services   Wholesale suppliers and manufacturers