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. On average, banks are lending 50% of goodwill values on most dealership buy-sell deals, requiring more cash upfront for transactions.

Banking 52

Banking Financing Costs Spread Finance 52

CarExpert

JUNE 18, 2024

That’s the case at the moment for hundreds and hundreds of Model 3 and Model Y vehicles that continue to arrive by boat, but don’t have any buyers attached to them. A recent 7 News story detailed the deluge of Teslas sitting dormant at the docks in Melbourne with no buyers in sight.

Balloon Payment 111

Balloon Payment Termination Fee Early Termination Fees Sales 111

Canadian Auto Dealer

MAY 10, 2024

Tongue said mass market buyers are a lot more skeptical and need a lot more persuading. Embrack said some buyers arrive with a fake identity. By the time the transaction is done, and the vehicle is gone and it’s detected, then the bank pulls their financing and the dealer is out the funds for the vehicle — and the vehicle.

Retail 98

Retail Finance Banking Dealerships 98