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1 In 5 New Car Buyers Took On $1,000+ Monthly Payments In Q4

Carscoops

With the cost of financing skyrocketing, analysts are advising potential buyers to consider alternatives, such as used cars or new EV leases, to keep their budgets in check. New Car Finance Data (Averages) Metric 2024 Q4 2023 Q4 2024 Q3 Loan Term 68.8

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Carwow to help dealers boost sales during September plate-change

Motor Trader

Carwow will launch a new marketing campaign to help boost retailers’ enquiries and sales during the September plate-change. Consumer demand for new cars has being impacted during the first six months of 2024 by increases in finance costs and ongoing cost-of-living concerns.

Retail 106
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Companies seek cure for profit-wrecking EV values

Autocar

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. The most dangerous thing is pushing cars that the market doesn't want.”

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Electric Vehicle Trends 2024: Boom or Bust Future for EVs 2024

Jato

With electric vehicle uptake continuing to be a hot topic for the automotive industry, we take a look at the latest Monthly Payment finance data to give our predictions on the trends we could see in 2024. Prediction #1: Big 5 European markets – Will high-costs for BEVs remain or decline in 2024 ?

Retail 111
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Inflation, interest rates continue to impact consumers, dealers

Canadian Auto Dealer

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
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Is it smart to buyout a lease instead of straight financing?

Shawn Ryder

This question is not just about numbers; it dives into personal finance, lifestyle choices, and future freedom with vehicle ownership. By dissecting both options, we can uncover the benefits and drawbacks of each to help steer potential buyers in the right direction.

Finance 52
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Can I buy a car if I’m a few hundred dollars short?

Shawn Ryder

Many potential buyers find themselves wondering if they can still secure the vehicle they want even when they’re not at the financial threshold they initially set. Fortunately, there are several strategies to consider that can help bridge that gap without compromising your financing options or peace of mind.