Carscoops

FEBRUARY 10, 2024

The small rebound of ICE vehicles wasn’t enough to prop up the automotive market, which shrank by 11.7 “The weak economy, high financing costs and considerable geopolitical tensions are leading to a reluctance to buy on the part of both private individuals and companies,” Gall told the Wall Street Journal.

Sales 135

Sales Financing Costs Finance Automotive 135

Motor Trader

AUGUST 12, 2024

” “The automotive industry has experienced a challenging first half of 2024. Allen concludes: “Lower financing costs are a positive step, but they won’t solve all of the market’s challenges overnight. While price reductions could boost sales, the industry’s recovery will be a “slow and complex” process.

Financing Costs 104

Financing Costs Banking Retail Finance 104

Jato

MARCH 21, 2024

With electric vehicle uptake continuing to be a hot topic for the automotive industry, we take a look at the latest Monthly Payment finance data to give our predictions on the trends we could see in 2024. Prediction #1: Big 5 European markets – Will high-costs for BEVs remain or decline in 2024 ?

Retail 111

Retail Finance Manufacturing Financing Costs 111

Canadian Auto Dealer

JULY 25, 2024

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

Banking Spread Financing Costs Finance 52

Shawn Ryder

JANUARY 20, 2025

Potentially Lower Financing Costs: If the buyout price is lower than market value, financing could be less expensive. Conversely, if you prioritize flexibility and choice, or if you’re eyeing a better model, traditional financing may be the path forward.

Finance 52

Finance Buyout Price Down Payment Lessee 52

Canadian Auto Dealer

JULY 29, 2024

Mid year check up for used car financing A s we navigate through 2024, the automotive financing landscape is heavily influenced by persistently high interest rates, significantly impacting the used car market. Elevated financing costs directly affect car sales, necessitating a crucial role for F&I managers.

Finance 52

Finance Financing Costs Deal Management 52

Canadian Auto Dealer

OCTOBER 1, 2024

They cool the overall automotive economy and cause delays in investment decisions. Higher Borrowing Costs Auto dealerships rely on loans from a variety of financial institutions to run their businesses. If this is the case, small businesses might delay or scale back investment plans due to higher costs of financing.

Management 52

Management Finance Financing Costs Dealerships 52