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Navigating Inflationary Pressures on Vehicle Ownership: A Guide for Auto Dealers

AutoSuccessOnline

Let’s explore the factors driving inflation in the automotive market and discuss strategies for dealers to support their customers through these difficult economic conditions. The key inflationary impacts to vehicle ownership include purchase prices, interest rates, maintenance, repairs, insurance and fuel costs.

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The Affordability Challenge: How Dealers Can Help Customers Keep Long-Term Interests in Mind

AutoSuccessOnline

As car prices continue to rise and economic uncertainties persist, dealers must adapt their strategies to meet the evolving needs of their customers. As vehicles age, the cost of maintenance and repairs tends to increase.

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Select Car Leasing partners with MotorEasy

Motor Trader

Mark Tongue, Joint CEO and Founder of Select Car Leasing, said: “The collaboration provides additional peace of mind to Select’s extensive database of customers and also introduces MotorEasy’s membership of more than one million car owners to some of the most competitive lease deals on the market. Alloy Insurance begins at £6.50

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California DA Sues Progressive, USAA Insurers For ‘Lowballing’ And Screwing Drivers

Carscoops

In her lawsuit, she claims that the insurers deliberately lowballed consumers so that it wouldn’t have to pay for repairs, and could recoup money at the scrap auction. “When an insurance company underpays its customers for a totaled vehicle … That can lead to job losses and even homelessness.”

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Is Your F&I Product Lineup Balanced & Diversified?

AutoSuccessOnline

Traditionally, F&I products such as Guaranteed Asset Protection (GAP) insurance, ancillary products and vehicle service contracts have been tailored to the needs of gasoline-powered vehicles. Offering VSCs provides customers with extended coverage beyond the manufacturer’s warranty, safeguarding against costly repairs.

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Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles. The F&I manager will also offer additional products such as extended warranties and GAP insurance.

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Bargain or burden? The truth about buying a Fisker Ocean

Autocar

Assuming a provider would consider it, taking out GAP insurance to cover any shortfall between what an insurer is prepared to pay for an Ocean in the event that it is written off – highly likely in the circumstances – and what it cost would seem sensible. We continue to monitor the situation.” update two months ago.

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