Motor Trader
AUGUST 12, 2024
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.
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.
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CarExpert
JUNE 18, 2024
At the end of your lease period, you have the option of paying a balloon payment on the vehicle (that is the cost of the vehicle depreciated in alignment with the government schedule), refinancing the vehicle to continue paying a monthly rate or, in some circumstances, just handing the car back. This offer also won’t be around forever.
Canadian Auto Dealer
MAY 10, 2024
Reuss said the honeymoon period after the pandemic, where dealers were achieving record profits, is now behind us and now we are back to the way the industry used to function pre-pandemic: rising OEM incentives, excess inventory, and higher financing costs for dealers carrying inventory.
Canadian Auto Dealer
MARCH 1, 2024
According to the World Bank, macroeconomics focuses on the performance of economies — changes in economic output, inflation, interest and foreign exchange rates, and the balance of payments. In recent weeks, the Bank of Canada, and the U.S. All is not rosy, however. Consumers are facing stiff headwinds on many fronts.
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