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Stable used car values have become critical to new car sales in that they determine financecosts, 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
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.
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.
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 financingcosts directly affect car sales, necessitating a crucial role for F&I managers.
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.
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.
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 customizedfinancing and beyond.
Many dealers are willing to work with customers to close the sale: Discount Offers: Inquire about any discounts or promotions that might be available. Explore Financing Through a Credit Union or Bank Sometimes, financing through traditional banks or credit unions can offer better rates compared to dealership financing.
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.
This figure affects the interest rate you will receive on your auto loan and influences your financingcost. If a dealership provides you with far better financing than your credit score warrants, you can recognize this as a warning sign. Know Your Credit Score Be conscious of your credit score before entering the dealership.
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