Tanveer Iqbal had not been seen since closing Hi-Tech Music in Shireland Road in the Edgbaston area of Birmingham on Sunday evening.
West Midlands Police found Mr Iqbal's body at 2pm on Monday inside the boot of his Renault Clio in Portland Road, two hours after he was reported missing.
His death is being treated as suspicious.
Officers cordoned off the area between City Road and the Ridgeway, and the vehicle was removed for forensic examination.
A post-mortem examination was due to take place on Tuesday afternoon.
A friend of Mr Iqbal told Sky News: "I'm just so shocked to hear the sad news.
"I only spoke to him a few days ago on his birthday, it's just so shocking and heartbreaking news.
"He was just a nice humble man, always working."
Anyone with information is asked to call police on 101 or Crimestoppers anonymously on 0800 555 111.
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