article thumbnail

FTC Says 90% Of Buyers Paid $2,000 More Than Advertised At Stellantis, GM And Ford Dealer Group

Carscoops

Nearly 90% of buyers allegedly paid $2,000 more than advertised between 2020 and 2023. On average, buyers were charged an additional $2,000, often due to unexpected add-ons or fees, “Buying a car is a significant financial investment. The FTC and Maryland accused the Lindsay dealer group of deceptive pricing practices.

Buyer 116
article thumbnail

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

Carscoops

Used car loans average $28,675 with more manageable $533 payments but sky-high 11% APRs. 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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Modernizing Inventory Management: How Machines Can Outperform Human Dealers

Dealer World

As the automotive dealership industry has long relied on human intuition and historical sales data to guide inventory management decisions, dealers continue to face a constant balancing act: having the right mix of vehicles to meet customer demand without overstocking models that might sit unsold for months.

article thumbnail

Any good templates for managing a marketing department and plans?

Shawn Ryder

Well cover various aspects of marketing management and offer insightful recommendations to elevate your dealership’s marketing efforts. Consider utilizing: Customer Relationship Management (CRM) Systems: These tools help track customer interactions and manage leads efficiently.

article thumbnail

Kia Says Buyers Are Warming Up To Tasman’s Looks

Carscoops

While recently speaking with members of the Australian media, local Kia general manager of marketing Dean Norbiato said surveys sent out about the Tasman since its unveiling show there’s been a shift in how people feel about it. However, the company says consumers are coming around to the interesting styling.

Buyer 98
article thumbnail

Uzbekistan January-February 2025: Chevrolet holds 82.4% share

Best Selling Cars Blog

Over the first two months of 2025, 50,373 new light vehicles found a buyer in the country. The Kia Sonet manages a 5th place while the Chinese places four models inside the Top 10 including the BYD Song Plus, BYD Chazor aka Destroyer 05 and Chery Tiggo 7 Pro. The Chevrolet Cobalt holds 40.6% of the Uzbek market so far in 2025.

article thumbnail

Scalable Car Buying in 2025

AutoSuccessOnline

We talked with their used car manager, Bryan Bough, about their private-party buying program. Streamlined Lead Management Managing leads from private sellers initially felt overwhelming. To address this, they adopted VETTX , a private-party vehicle management platform. Heres what they learned: 1.