Remove Buyer Remove Marketing Remove Spread
article thumbnail

Fed’s First Rate Cut Since 2020 May Lower Car Loan Costs, But Don’t Expect Miracles

Carscoops

This will lower the cost of borrowing, which will save car buyers money. Car buyers are about to get some much-needed relief as the Federal Reserve has announced plans to cut rates by 50 basis points. The Federal Reserve has cut the federal funds rate for the first time in more than four years. Federal Reserve Bank of St.

Spread 62
article thumbnail

Inflation, interest rates continue to impact consumers, dealers

Canadian Auto Dealer

This is limiting the current buyer pool on every opportunity, leading to lower transaction prices,” said DSMA in its report. It also said that high borrowing costs have pushed the purchasing power of would-be dealership buyers down. However, buyers are still willing to pay for the right opportunity,” they said.

Banking 52
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

Women Automotive Network prepares for bumper 2024 event calendar

Women Automotive Network

This sought-after event is being held to help spread the message, make a difference and empower women in the automotive industry in the US. The agenda for this must-attend event will be going live this month, with the first speakers being announced soon.

Women 130
article thumbnail

Inside one brand’s struggle to stay alive in China’s cut-throat car market

Autocar

In China’s cut-throat car market, only the fittest survive and the premium-angled electric Zeekr brand needs to be fit because it arguably holds the key to the long-term health of parent company Geely. Zeekr is positioned as a global brand catering to the global market,” An Cong Hui told investors earlier this year.

article thumbnail

Inside one brand’s struggle to stay ahead in China’s cut-throat car market

Autocar

In China’s cut-throat car market, only the fittest survive and the premium-angled electric Zeekr brand needs to be fit because it arguably holds the key to the long-term health of parent company Geely. Zeekr is positioned as a global brand catering to the global market,” An Cong Hui told investors earlier this year.

article thumbnail

Borrowing from the Best: Applying Cross-Industry Insights to Elevate Car Sales

AutoSuccessOnline

In today’s consumer-driven market, car dealerships can significantly benefit by adopting best practices from other industries. Similarly, in real estate, buyers have access to comprehensive data, including market trends and detailed property inspections. However, the car-buying experience often falls short in comparison.

Sales 52
article thumbnail

Italian firm DR set to become major European player

Autocar

is one of Italy’s favourite crossovers Rapidly-growing brand now has a portfolio of 17 models with facilities recently equipped to build EVs Little-known Italian firm DR looks set to rapidly become a major mainstream player in Europe, having outsold MG , Alfa Romeo , Mini , Cupra , Tesla and Volvo in its home market last year.

Spread 134