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 Spread Financing Costs Finance 52

Shawn Ryder

JANUARY 27, 2025

Exploring Your Options for Financing If you’re still short on funds, consider exploring various financing options that can help you obtain your vehicle. Negotiate with the Dealership Negotiation can be your best brand ally when financing a vehicle. Dont hesitate to discuss your financial constraints with the dealer.

Down Payment 52

Down Payment Banking Finance Financing Costs 52

Canadian Auto Dealer

MARCH 1, 2024

High interest rates and rising consumer debt levels are impacting the outlook for dealership success. Rather I want to focus on a few macroeconomic challenges and opportunities and the microeconomic impact of consumers and automobile dealerships. In recent weeks, the Bank of Canada, and the U.S. All is not rosy, however.

Banking 52

Banking Retail Financing Costs Finance 52

Canadian Auto Dealer

MAY 10, 2024

There is a lot of talk in Europe about brands moving from dealerships to agency,” said Tongue. In terms of the impact of EVs on dealership profits, he said the main thing will be the overhead absorption and profitability. Large dealer groups continue to consolidate, grow in retail sophistication and expand internationally.

Retail 98

Retail Banking Finance Manufacturing 98