Carscoops

MAY 9, 2024

Read: Save Over $11,000 On An Acura ZDX Lease But Only If You Drive A Tesla Or Another Acura “We want more flexibility to make better deals and get more traffic into the stores,” said a retailer in a major metropolitan market, who paid about $80,000 in floor plan interest last month on more than 200 vehicles sitting on his lot.

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Shawn Ryder

MARCH 13, 2024

This warranty covers defects in materials and workmanship for a specified period after the purchase date, providing consumers with peace of mind regarding the product’s quality. These contracts offer additional protection beyond what the manufacturer’s warranty covers, such as repairs, maintenance, and other services.

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Shawn Ryder

FEBRUARY 7, 2024

The F&I manager will also offer additional products such as extended warranties and GAP insurance. MSRP (Manufacturer’s Suggested Retail Price) The price that the manufacturer recommends the dealership sell the car for. It’s often used as a starting point for negotiations.

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Drive.com

NOVEMBER 6, 2024

Now it has been revealed MG’s “offer” is not money back off the price of their current vehicle, nor free servicing, an extended warranty, or any other item for their current MG 4. Instead, customers will be eligible for a discount on the purchase of a new MG – provided they trade in their current car.

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AutoSuccessOnline

SEPTEMBER 16, 2024

Vehicle Service & Warranty Lifecycle Summit Series is back, poised to bring together leading automotive, powersport, bus, truck, construction and agricultural OEMs, parts and equipment suppliers, their retailers, dealers, distributors, logistics and services providers for networking, benchmarking and insights.

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Shawn Ryder

FEBRUARY 3, 2024

Extended Warranty: Many CPO vehicles come with an extended warranty. Read the warranty details thoroughly to avoid any surprises. They provide the assurance of quality, extended warranty coverage, and a lower depreciation rate.

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Automotive Mastermind

DECEMBER 15, 2023

The future of the automotive retail industry is undergoing a significant transformation, ultimately changing how dealerships operate and communicate with customers. Industry-wide Brand Loyalty Stalls While retail advertised inventories have risen substantially, brand loyalty has not followed.

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Drive.com

JULY 26, 2024

“The demo car is now considered to be a used car; a dealer may not be obligated […] to sell that at recommended retail price (RRP),” he continued. “New demonstrators or demonstrators that were relatively new, were more expensive than the recommended retail price of a car because supply and demand would just go bonkers.”

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Car Examer

NOVEMBER 2, 2024

List Price The list price is the manufacturer’s suggested retail price (the “sticker price”). Warranty Most new cars come with a manufacturer’s warranty covering repairs for a set period (usually 3-5 years). It’s essentially the final price you pay and is often a bit higher than the basic price you might see advertised.

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Dealer Inspire

FEBRUARY 21, 2023

Today I’m happy to let you know that our Instant Financing technology is now available within Online Shopper , our end-to-end retailing solution. Instant Financing within Online Shopper ushers in the next-gen retailing era that allows customers to get a pre-approved, locked-in payment from your lenders on the vehicle of their choice.

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Jalopnik

DECEMBER 13, 2023

The Federal Trade Commission has announced new regulations, called the Combating Auto Retail Scams Rule , that are meant to stop car dealers from screwing customers with hidden fees and other bait-and-switch pricing tactics. Oh, happy days! Read more.

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Automotive Mastermind

SEPTEMBER 16, 2022

While customer demand is already being masked by the inventory shortages, dealers should expect to see higher interest rates and corresponding monthly payments likely continue to curb retail demand for the foreseeable future. Rate hikes by the Federal Reserve have led to the average interest rate on a new vehicle loan rising to 4.8%

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Shawn Ryder

JANUARY 13, 2024

Terminology MSRP MSRP stands for Manufacturer’s Suggested Retail Price. Understanding the benefits of CPO vehicles, such as extended warranties and thorough reconditioning processes, can help sales professionals promote them effectively. CPO CPO stands for Certified Pre-Owned.

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Drive.com

AUGUST 29, 2024

With the exception of retail prices, car warranties are among one of the most competitive segments of the entire automotive industry, with each manufacturer looking to offer a longer period of coverage to attract customers.

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Automotive Mastermind

NOVEMBER 3, 2023

New to Market With the rise of digital retailing, dealership’s primary market area (PMA) has expanded significantly, offering greater room for variability and growth. According to U.S. census data , the share of movers from a different state or county rose by 2.4 to 4.9% – the highest since 2018.

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Turbo Marketing Solutions

SEPTEMBER 6, 2024

Now, it's time to unfold the contrasting realms of Online vs. Traditional Retail Platforms. Online vs. Traditional Retail Platforms The growth of online sales in the automotive sector has been transformative, as more consumers opt for the convenience and transparency offered by virtual car buying experiences.

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Drive.com

APRIL 8, 2024

Comparatively, the 2023 Tesla Model 3 Performance, when purchased new in 2023, retailed at $83,400 before on-road costs. A handful of EV makers are introducing certified pre-owned programs that can also offer extended warranties. “If the warranty on the car is lower, it’s automatically topped up to 24 months.

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Turbo Marketing Solutions

FEBRUARY 6, 2024

Knowing how much room there is to negotiate and understanding where we can offer additional value, such as extended warranties or service packages, allows us to approach the negotiation with confidence. This not only ensures we stay within the customer's constraints but also considers our dealership's bottom line.

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Turbo Marketing Solutions

APRIL 9, 2024

In retail, both groceries and rideshare services already utilize dynamic pricing, allowing prices to change based on market trends, competition, or customer demand. As technology continues to evolve, the industry is poised for further advancements that will reshape the future of automotive retail.

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Your Car Buying Advocate

JULY 31, 2023

MSRP stands for Manufacturer’s Suggested Retail Pric e. Upselling Additional Features or Warranties Dealers may attempt to increase the sale price by offering additional features, services, or extended warranties. What is an "extended warranty"? What does "retail price" mean?

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