Motor Trader

AUGUST 15, 2024

Philipp Sayler von Amende, CCO at Carwow, said: “This campaign builds on the success of Carwow’s previous seasonal campaigns, which typically deliver a 27% increase in sales for participating retailers by helping them engage with millions of potential buyers.

Financing Costs 105

Financing Costs Retail Sales Finance 105

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. This is limiting the current buyer pool on every opportunity, leading to lower transaction prices,” said DSMA in its report.

Banking 52

Banking Financing Costs Spread Finance 52

Canadian Auto Dealer

JULY 29, 2024

Many Canadians, with 51 per cent just $200 away from monthly financial shortfall, find it increasingly difficult to manage car payments amidst a high cost of living. Elevated financing costs directly affect car sales, necessitating a crucial role for F&I managers.

Finance 52

Finance Management Financing Costs Dealerships 52

Autocar

MARCH 3, 2024

Stable used car values have become critical to new car sales in that they determine finance costs, so the continued weakness in EV prices is also hurting car companies as they look to increase the percentage of zero-emission cars they sell. With such strong new car offers on EVs, where is the incentive for the used buyer?”

Financing Costs 120

Financing Costs Finance Customer Marketing 120

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

Jato

MARCH 21, 2024

This trend is likely to continue given the weak economy, high financing costs, and general market uncertainty, which is putting off both potential private and business buyers. So, while sales of BEV cars have not collapsed coming into 2024, BEV market share in January 2024 was down (10.5%) compared to (18.4%) the whole of 2023.

Finance 111

Finance Retail Manufacturing Financing Costs 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