Remove Banking Remove Financing Costs Remove Retail
article thumbnail

Falling interest rates ‘create opportunities’ for dealers.

Motor Trader

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.

article thumbnail

Packed house for biggest CADEX event ever

Canadian Auto Dealer

The jam-packed room of well over 200 attendees was bristling with energy, as keynote speakers and panelists delivered on their promise to inform dealer attendees about the key trends impacting the auto retail industry. Can manufacturers succeed in getting involved in retail?” Embrack said some buyers arrive with a fake identity.

Retail 98
article thumbnail

Cautious optimism leaning into 2024

Canadian Auto Dealer

L et me start by saying that generally we are still a year away from possibly experiencing significant upward shifts in our retail automotive businesses in Canada. In recent weeks, the Bank of Canada, and the U.S. As vehicle inventories build, dealers are incurring significant floor plan interest and other floating financing costs.

Banking 52