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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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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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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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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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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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 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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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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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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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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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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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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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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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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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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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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Drive.com

JULY 20, 2024

The McLaren event had me staying right in Monte Carlo itself, and though the unique city is stunning in its own right – the buildings, the water, and the attractions are all worth touring – I couldn’t comprehend why the world’s rich flock to the principality with their priceless supercars.

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Terry Lancaster

AUGUST 1, 2023

But at some point when the viewer principal sees that the finance manager is earning too much, whatever too much means, right? I’ve worked with thousands of dealer principals, managers, and salespeople providing proven strategies for making the cash register ring. It's always a pickup right? You know, When are they coming back?

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Terry Lancaster

OCTOBER 31, 2023

5:56 Speaker 2 discusses the importance of believing that every prospect is a qualified buyer, leading to different sales outcomes based on the salesperson's mindset. Speaker 2 highlights the importance of being the single point of contact for buyers to build trust and generate repeat business. Car sales strategies and networking.

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Autocar

JULY 17, 2024

Li says PHEVs like the Seal U DM-i are gaining renewed importance as a bridge to full electrification for wary would-be electric car buyers. Li cited the flexibility and reduced running costs of a PHEV powertrain as the principal selling points. Then the number of NEVs [new-energy vehicles] will see very solid growth,” she said.

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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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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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Carscoops

FEBRUARY 2, 2024

” said Mike Aus, dealer principal of Durango Motor Co., Others in the survey featured by Automotive News suggest that dealers aren’t meeting buyer expectations and that in turn is leading to lessened demand. .” “EVs are definitely not a want of our guests today. ” To its credit, Durango Motor Co.

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Auto Remarketing

NOVEMBER 14, 2024

This downward trend has resulted in fewer transactions and a more conservative approach from both buyers and sellers who also must consider the onslaught of EV and its impact — with many questions still unanswered. What dealer principals should be focused on — is what they can control.

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AutoSuccessOnline

NOVEMBER 15, 2024

Many dealers question the viability of buying cars from private sellers at scale, assuming private sellers prefer dealing directly with other private buyers. “If The good thing for us dealers is that not only do these private sellers have all the appraising data we have, but so do the private buyers. Not necessarily.

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Canadian Auto Dealer

MARCH 12, 2025

If you are a buyer looking at a brand that has a lot of inventory and has incentives out there, youre not going to be paying over sticker for that like you have been 24-36 months ago. Buyers are still waiting them out and getting the deals they want to purchase the vehicle. That scenario is gone for the majority of the market.

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