Remove Customer Remove Financing Costs Remove Term
article thumbnail

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. Or they shore up those values by holding firm on pricing, losing them customers. “We

article thumbnail

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

Jato

The current BEV market in major European markets is dominated by larger conventional and SUV models; typically priced above €40K, and beyond the reach of the average private customer. However, this has not been enough to encourage private customer orders of BEVs, which have slumped by 50% year-on-year in January 2024.

Retail 111
Insiders

Sign Up for our Newsletter

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

article thumbnail

Packed house for biggest CADEX event ever

Canadian Auto Dealer

The event was emceed by Niel Hiscox, publisher of Canadian auto dealer , who also moderated panel discussions, fielded questions from attendees, and delivered a presentation on customer experience by the Clarify Group — an automotive consulting practice where he is president. Customers are very hesitant to buy used EVs.

Retail 98
article thumbnail

Everything’s tightening up

Canadian Auto Dealer

Many Canadians, with 51 per cent just $200 away from monthly financial shortfall, find it increasingly difficult to manage car payments amidst a high cost of living. Elevated financing costs directly affect car sales, necessitating a crucial role for F&I managers.

Finance 52
article thumbnail

Manage your money carefully

Canadian Auto Dealer

Customer buying patterns have changed and the state of the nation today is weak. This is particularly challenging for dealers whose businesses run with tight profit margins and whose customers’ buying decisions heavily depend on credit. Pressure on Profit Margins Increased borrowing costs can erode profit margins.

article thumbnail

Is it smart to buyout a lease instead of straight financing?

Shawn Ryder

Understanding Lease Buyouts A lease buyout occurs when a lessee chooses to purchase the vehicle they have been leasing at the end of the lease term. For many consumers, this option can seem appealing, especially if they have loved driving a particular model and want to keep it long-term. Let’s delve into them.

article thumbnail

Financing Your Dream Maserati: Understanding the Leasing and Financing Options for Your Luxury Vehicle

Market Doctors

Whether you’re considering a brand-new Maserati model or one of our carefully curated used vehicles, our team is here to ensure a seamless and transparent financing experience. Instead, we offer guidance and expertise through every step of your Maserati journey, from initial exploration to customized financing and beyond.

Finance 52