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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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Why Tesla sales have tanked and why the price will keep dropping

CarExpert

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.

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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. With such strong new car offers on EVs, where is the incentive for the used buyer?”

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

Jato

After the German government abruptly withdrew the environmental bonus for electric vehicle purchases on 17 th December 2023, many OEMs stepped up to replace the lost support for customers by providing the equivalent incentive amount in their own monthly payment finance offers, or in some cases exceeding it.

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.