MforceLA

JULY 23, 2023

It is easy to be influenced by buzzwords, sales techniques, and high-pressure settings at dealerships and pay a high price for a vehicle. Dealerships have some room for margin, so you should never pay the asking price. Instead, you should negotiate to get a good deal.

Dealerships 52

Dealerships Deal Finance Financing Costs 52

Canadian Auto Dealer

JULY 25, 2024

Pressure from inflation and interest rates continue to impact consumers and dealers through increasing vehicle and financing costs, along with higher fixed and compensation costs, respectively. On average, banks are lending 50% of goodwill values on most dealership buy-sell deals, requiring more cash upfront for transactions.

Banking 52

Banking Financing Costs Spread Finance 52

Canadian Auto Dealer

JULY 29, 2024

Despite recent rate cuts, interest rates for automotive remain elevated, posing substantial challenges for consumers and dealership F&I offices alike. 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.

Finance 52

Finance Management Financing Costs Dealerships 52

Canadian Auto Dealer

MAY 10, 2024

There is a lot of talk in Europe about brands moving from dealerships to agency,” said Tongue. OEMs get to set a deal, contract directly with the customer, but they also have to take the commercial risk from the dealers,” said Tongue. Large dealer groups continue to consolidate, grow in retail sophistication and expand internationally.

Retail 98

Retail Finance Banking Dealerships 98