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. That is according to DSMA’s Automotive Intelligence report covering the last quarter of 2023.

Banking 52

Banking Financing Costs Spread Finance 52

Carscoops

FEBRUARY 10, 2024

“The weak economy, high financing costs and considerable geopolitical tensions are leading to a reluctance to buy on the part of both private individuals and companies,” Gall told the Wall Street Journal.

Sales 135

Sales Financing Costs Finance Automotive 135

Jato

MARCH 21, 2024

With electric vehicle uptake continuing to be a hot topic for the automotive industry, we take a look at the latest Monthly Payment finance data to give our predictions on the trends we could see in 2024. Prediction #1: Big 5 European markets – Will high-costs for BEVs remain or decline in 2024 ?

Finance 111

Finance Retail Manufacturing Financing Costs 111

Motor Trader

MARCH 6, 2024

The cost-of-living crisis and cost of vehicles have influenced car purchase decisions, car fuel purchases and in some cases have even encouraged car sharing, according to new research from Close Brothers Motor Finance.

Finance 111

Finance Sales Financing Costs 111

Jato

MARCH 21, 2024

With electric vehicle uptake continuing to be a hot topic for the automotive industry, we take a look at the latest Monthly Payment finance data to give our predictions on the trends we could see in 2024. Prediction #1: Big 5 European markets – Will high-costs for BEVs remain or decline in 2024 ?

Finance 52

Finance Retail Manufacturing Financing Costs 52

CarExpert

JUNE 18, 2024

At the end of your lease period, you have the option of paying a balloon payment on the vehicle (that is the cost of the vehicle depreciated in alignment with the government schedule), refinancing the vehicle to continue paying a monthly rate or, in some circumstances, just handing the car back. This offer also won’t be around forever.

Balloon Payment 111

Balloon Payment Termination Fee Early Termination Fees Sales 111

Autocar

MARCH 3, 2024

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. Those car companies are now torn.

Financing Costs 118

Financing Costs Finance Customer Marketing 118

MforceLA

JULY 23, 2023

This figure affects the interest rate you will receive on your auto loan and influences your financing cost. 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.

Dealerships 52

Dealerships Deal Finance Financing Costs 52

Canadian Auto Dealer

OCTOBER 1, 2024

Higher Borrowing Costs Auto dealerships rely on loans from a variety of financial institutions to run their businesses. As interest rates rise, the cost of borrowing increases, which makes financing more expensive and reduces the amount of capital available in the financial system. This happens in a few different ways.

Management 52

Management Finance Financing Costs Dealerships 52

Canadian Auto Dealer

JULY 29, 2024

Mid year check up for used car financing A s we navigate through 2024, the automotive financing landscape is heavily influenced by persistently high interest rates, significantly impacting the used car market. Elevated financing costs directly affect car sales, necessitating a crucial role for F&I managers.

Finance 52

Finance Management Financing Costs Dealerships 52

Canadian Auto Dealer

MAY 10, 2024

Reuss said the honeymoon period after the pandemic, where dealers were achieving record profits, is now behind us and now we are back to the way the industry used to function pre-pandemic: rising OEM incentives, excess inventory, and higher financing costs for dealers carrying inventory.

Retail 98

Retail Finance Banking Dealerships 98

Canadian Auto Dealer

MARCH 1, 2024

Also, as vehicle production begins to ramp up, the automotive market is beginning to show signs of weakness with some brands offering large discounts and low interest financing with the goal of stimulating new vehicle sales for their brand.

Banking 52

Banking Dealerships Finance Financing Costs 52