Remove Automotive Remove Banking Remove Financing Costs
article thumbnail

Falling interest rates ‘create opportunities’ for dealers.

Motor Trader

Motor investment firm Cambria Private Capital has welcomed the Bank of England’s decision to cut interest rates to 5%. It said it expected to see a gradual easing of inflationary pressures into next year, leading to potential benefits, such as reduced vehicle stocking costs and increased market flexibility for OEMs.

article thumbnail

Inflation, interest rates continue to impact consumers, dealers

Canadian Auto Dealer

Pressure from inflation and interest rates continue to impact consumers and dealers through increasing vehicle and financing costs, along with higher fixed and compensation costs, respectively. That is according to DSMA’s Automotive Intelligence report covering the last quarter of 2023.

Banking 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can I buy a car if I’m a few hundred dollars short?

Shawn Ryder

Base Trim Levels: Base trims usually come with fewer features but can drastically reduce the overall cost. Explore Financing Through a Credit Union or Bank Sometimes, financing through traditional banks or credit unions can offer better rates compared to dealership financing.

article thumbnail

Cautious optimism leaning into 2024

Canadian Auto Dealer

L et me start by saying that generally we are still a year away from possibly experiencing significant upward shifts in our retail automotive businesses in Canada. According to DesRosiers Automotive Consultants (DAC) January 3, 2024, report, 2023 new vehicle sales galloped their way to a year-over-year increase of 11.8

Banking 52
article thumbnail

Packed house for biggest CADEX event ever

Canadian Auto Dealer

The event was emceed by Niel Hiscox, publisher of Canadian auto dealer , who also moderated panel discussions, fielded questions from attendees, and delivered a presentation on customer experience by the Clarify Group — an automotive consulting practice where he is president. One keynote speaker from the U.K.,

Retail 98