Automotive Addicts

OCTOBER 1, 2024

Their relatively affordable price tags are drawing in more buyers, especially as larger, more expensive models become out of reach for many consumers. Chris Hopson, principal analyst at S&P Global Mobility, highlighted that many consumers are finding it difficult to justify the monthly payments required to finance a new car.

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Automotive Mastermind

NOVEMBER 18, 2022

One of the biggest keys to success for dealers in the automotive industry is to consistently keep up with their buyers’ preferences. The ability to accurately predict exactly when a buyer will be returning to market poses an invaluable opportunity for dealers to proactively engage customers.

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Autocar

APRIL 3, 2024

Here in ‘Motorsport Valley’, a small team of engineers are working to provide the Chinese electric car maker’s future models with what its principal chief engineer, Danilo Teobaldi, describes as a “European flavour”. Already active in Norway, Germany, the Netherlands, Sweden and Denmark, Nio has yet to officially launch in the UK.

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Drive.com

MAY 16, 2024

It may be more worthwhile for you as a buyer to purchase from a dealership if you are registered for GST and purchasing a car for business use. The most important part of that list is the commercial vehicle is not designed for the principal purpose of carrying passengers. Can I claim GST on a car?

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3 Brothers Autosale

DECEMBER 20, 2023

Considering the importance of good credit auto financing, let’s look at some valuable insights and tips for used car buyers looking to make a smart investment. This not only makes your monthly payments more manageable but also ensures that a significant portion of your payment goes towards reducing the principal amount.

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Dealer World

JANUARY 9, 2024

They were there for us every step of the way, through all three transactions; and, for the sale of this, our flagship dealership, they found in Malloy a buyer well-suited to the needs of the franchise and the community. Kerrigan fulfilled that, and more,” said Amato.

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Shawn Ryder

JANUARY 18, 2025

When it comes to purchasing a vehicle, many potential buyers consider financing options. The key components of an auto loan include the principal amount (the price of the vehicle), the interest rate, and the term of the loan (length of time to repay). It includes the interest rate along with any associated lender fees.

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Canadian Auto Dealer

NOVEMBER 22, 2024

Today’s younger buyers aren’t just looking for a car, they are looking for an experience, said Stapleton. If an experience feels disconnected, 60 per cent plus of Gen Z buyers will just walk away. said Growden, when asking where the car buyers can be found. They want a seamless experience between all platforms. Ross said U.S.

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Drive.com

JULY 11, 2024

Car buyers have previously been granted various tax benefits that make utes an attractive option to those in the market for a new vehicle. Under ATO guidelines, “if the principal purpose of the vehicle is to carry goods, then it is exempt from the luxury car tax”. Here’s what you need to know.

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Davey Auto Sales

JANUARY 27, 2025

Improving Your Credit Score The first thing any auto loan lender is going to do when the subject of financing comes up is run the buyers credit history. Buyers can improve their credit scores prior to applying for a loan by doing a few things: Pay off any open loans. Having a high debt-to-income ratio is a problem for lenders.

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Finance Down Payment Principal Term 52

Davey Auto Sales

JANUARY 27, 2025

Improving Your Credit Score The first thing any auto loan lender is going to do when the subject of financing comes up is run the buyers credit history. Buyers can improve their credit scores prior to applying for a loan by doing a few things: Pay off any open loans. Having a high debt-to-income ratio is a problem for lenders.

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Finance Down Payment Principal Term 52

Shawn Ryder

JANUARY 19, 2024

Whether you are a car buyer, seller, or even a dealership, understanding vehicle equity can be helpful in making informed decisions. This includes the principal amount borrowed, interest, and fees that need to be paid back to the lender. Vehicle equity is crucial for both buyers and sellers. What is Vehicle Equity?

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Auto Remarketing

OCTOBER 23, 2024

While Cars Commerce industry and marketplace analytics principal David Greene noted the new-car market is “undergoing an adjustment,” the relative tranquility of the used side of the industry — which followed a price decrease as the market adjusted to the increased availability of new vehicles — has made used cars an attractive option for car buyers, (..)

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AutoSuccessOnline

MAY 22, 2024

More than half of the deals done in retail automotive are initiated by a buyer looking for a targeted acquisition,” Cantin said. When we use that data to engage a target dealership’s principal to gauge interest in a possible divestiture, we’re informed and can engage with the assurance that our buyer’s interest is truly qualified.”

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Drive.com

JULY 10, 2024

And when the car was launched here in early 1964, buyers seemed equally taken. Another Italian marque had its eyes on Parkes and in 1974, he joined Lancia as principal development engineer on another car that would go on to enter the hallowed halls of automotive icons – the Lancia Stratos. However, the early promise quickly faded.

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CarExpert

MAY 24, 2024

It really depends on the buyer, the car in question, and how you intend to use it. On the other hand, a city hatchback buyer is probably more likely to opt for some floor mats or aesthetic upgrades. Werribee Mitsubishi dealer principal Brad Hopkins says buyers of certain vehicle types do tend to opt for the same accessories.

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AutoSuccessOnline

MARCH 26, 2025

The transaction was facilitated by Bill Fields, principal M&A executive at DSMA , who represented the sellers Tammy Raciborski and Bob Winiarczyk. ” As dealership activity continues to surge in the Southeast, DSMA remains at the forefront of facilitating successful transactions for buyers and sellers alike.

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Drive.com

MARCH 26, 2025

Of course, it also says a lot about the HSV buyer profile: predominantly under 50, probably self-employed in a blue-collar industry and every inch the self-made man (or woman). litre V8-powered Maloo ute, borrowed from the local school principal, Stuart Knox (pictured above). he told Drive.

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Canadian Auto Dealer

APRIL 16, 2025

And the decor, lighting, and ambience were relaxing and calming, creating a low-key atmosphere suited to the intent of the facility, which is to help educate consumers and prospective buyers about the companys electric vehicle options. Stokovac said the new facility has always been a dream concept for Dealer Principal Izzam Ahamed.

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Shawn Ryder

JANUARY 22, 2025

Understanding APR: What You Need to Know The Annual Percentage Rate (APR) represents the total cost of borrowing and is expressed as a percentage of the loans principal amount. However, as a general guideline: Well-qualified buyers may see APRs ranging from 3% to 6% for used vehicles.

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Shawn Ryder

JANUARY 18, 2025

Today, many dealerships are offering new cars from 2023 to 2024 at MSRP, attracting keen attention from prospective buyers. The Impact of Supply Chain Stabilization The automotive industry faced significant challenges over the past few years, principally due to supply chain disruptions stemming from global events.

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Autosoft

MARCH 23, 2025

These dealerships often sell a limited number of new and used vehicles per month, with a high percentage of cash buyers. Car Dealerships | Michael White | 03/24/25 Simplifying Dealership Operations for Dealer Principals with Autosoft DMS When it comes to service management for dealers, experts need a system that shows the bigger picture.

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Canadian Auto Dealer

JUNE 3, 2024

I think deep down that car salespeople, not unlike dealer principals, are car people, and car people are generally all about engines and sound and power. “What we’ve noticed in our company is that the average salesperson isn’t that excited about EVs for a number of reasons.

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Davey Auto Sales

JANUARY 27, 2025

Improving Your Credit Score The first thing any auto loan lender is going to do when the subject of financing comes up is run the buyers credit history. Buyers can improve their credit scores prior to applying for a loan by doing a few things: Pay off any open loans. Having a high debt-to-income ratio is a problem for lenders.

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DealerTrack Insights

JUNE 13, 2022

The General Managers and Dealer Principals that I speak to are always brainstorming new ways to improve their business. But the idea that buyers are forgoing any interaction with your sales team is sort of a misunderstanding. Buyer satisfaction rates are up, year-over-year, to 72%. And I mean always.

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Automotive Mastermind

DECEMBER 30, 2022

In the past, pricing and selection played a significant role in buyers’ purchasing decisions. Sales should continue to improve, given the expected sustained, but mild, advancement in overall production and inventory levels,” said Chris Hopson , principal analyst at S&P Global Mobility.

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Dealer World

NOVEMBER 8, 2023

With these two highly sought-after brands in a business-friendly state, we knew buyer demand would be high and a successful sale would be defined by finding a buyer with a track record of commitment to customer service and community, and who knew and understood this region.

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Autosoft

MARCH 23, 2025

They sell a relatively small number of new and used vehicles each month, with most buyers paying in cash, so complicated software with unnecessary features would only slow them down and create more issues. Identifying a Solution with Autosoft DMS Ashland Ford Chrysler needed dealership management software that fit their business model.

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Shawn Ryder

JANUARY 17, 2025

” This situation can transpire when you owe more on your car loan than your vehicle is worth, which often becomes a concern for car owners and potential buyers alike. Long Loan Terms: Extended loan periods often lead to slower paydown against the principal, increasing the chances that you’ll owe more than the vehicle is worth.

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CarExpert

MAY 18, 2024

Under Australian Consumer Law, new car buyers have rights pertaining to the vehicle they are sold. However, a manufacturer warranty combined with Australian Consumer Law is just about all-encompassing according to Melbourne BMW dealer principal Daniel Odman. “Our warranty is comprehensive. ”

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Shawn Ryder

JANUARY 18, 2025

Why You May Be Upside Down in Your Current Loan High Interest Rates: If your loan carries a high-interest rate, a substantial portion of your monthly payments goes towards interest rather than principal, which prolongs the time before you achieve positive equity. Keep the interior clean and address any mechanical issues before trade-in.

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Automotive Mastermind

JANUARY 26, 2023

However as shortages grew on, buyers began to grow more aware of high prices and fewer OEM incentives. a 7% increase from the estimated 2022 tally,” noted Chris Hopson, principal analyst at S&P Global Mobility in a December report. According to S&P Global Mobility , U.S. light vehicle sales totaled 13.8

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DealerTrack Insights

JANUARY 12, 2022

And a continuing inventory shortage challenge means that up to 70% of your buyers are choosing to wait it out and repair their vehicles rather than replace them. According to a recent 2021 Cox Automotive Study , the greater majority (more than half) of your business has shifted online. And it goes beyond the top-level decision-makers, too.

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Canadian Auto Dealer

FEBRUARY 19, 2025

The day started with journalist Jason Stein interviewing three prominent leaders of large Canadian dealer groups: Christian Chia, CEO of OpenRoad Auto Group; John Hairabedian, President and CEO of H Gregoire; and Laura Zanchin, Principal and Executive Vice President of Zanchin Automotive Group.

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Automotive Mastermind

JANUARY 12, 2023

“Looking back at a tumultuous year for auto demand, the December sales result reflects apparent steadiness in the market,” said Chris Hopson, principal analyst at S&P Global Mobility. The SAAR reading would be the lowest for a month since May 2022, bringing the full year’s U.S. sales volumes are expected to reach 14.8

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Canadian Auto Dealer

NOVEMBER 4, 2024

The fact we’ve accommodated (new EV buyers) on that front is great. GoAuto Principal Jared Priestner said the new endeavour is something that interested him, more than just a diversification play. We make sure we always have them in stock.” He said the charging stations are sold at a “heavily-subsidized” cost.

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Canadian Auto Dealer

JULY 29, 2024

Alizadeh opined there are some Canadian provinces and territories that are operating under “the wild, wild west concept,” but in Ontario there’s just “constant continuous” regulations that require dealer principals to spend more time educating their staff. “I I don’t think we need any further regulations, quite frankly,” said Alizadeh. “In

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