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Navigating Inflationary Pressures on Vehicle Ownership: A Guide for Auto Dealers

AutoSuccessOnline

Let’s explore the factors driving inflation in the automotive market and discuss strategies for dealers to support their customers through these difficult economic conditions. The key inflationary impacts to vehicle ownership include purchase prices, interest rates, maintenance, repairs, insurance and fuel costs.

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Is Your F&I Product Lineup Balanced & Diversified?

AutoSuccessOnline

The Shift Toward Diversification The rise of EVs and hybrids continues to impact the automotive industry, offering consumers environmentally friendly options with lower operating costs and reduced emissions. Offering VSCs provides customers with extended coverage beyond the manufacturer’s warranty, safeguarding against costly repairs.

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Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

The automotive industry is rife with specific terminology that can be confusing to the uninitiated. F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles. In automotive terms, it refers to the interest rate for your car loan.

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Does it make sense to lease?

Shawn Ryder

Maintenance and Warranty Benefits Most leased vehicles are new and under warranty: Covered Repairs: Maintenance and repair costs are often covered, allowing for worry-free driving during the lease term. Older Vehicle Considerations: Owners may face increasing repair costs as vehicles age, impacting overall affordability.

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The Affordability Challenge: How Dealers Can Help Customers Keep Long-Term Interests in Mind

AutoSuccessOnline

In today’s automotive market, consumers are facing severe affordability challenges when it comes to purchasing and maintaining vehicles. The Current State of Vehicle Affordability The automotive industry has experienced significant shifts in recent years, with vehicle prices reaching all-time highs.

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