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TG Holdcroft sees profits fall 21% in “challenging year”

Motor Trader

Multiple increases in interest rates through 2023 meant an additional 1.25% of financing costs on both our short and medium-term borrowings as well as our day-to-day inventory stocking facilities provided by our manufacturer partners.

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Electric Vehicle Trends 2024: Boom or Bust Future for EVs 2024

Jato

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 ?

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Companies seek cure for profit-wrecking EV values

Autocar

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. We anticipate manufacturing costs for full EVs will reduce over the next four to five years.

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Why Tesla sales have tanked and why the price will keep dropping

CarExpert

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.

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Packed house for biggest CADEX event ever

Canadian Auto Dealer

Can manufacturers succeed in getting involved in retail?” They also see it as a means of cutting system distribution costs. The manufacturers do not see agencies as a staging area on their own path to go direct to consumers, he said. Agency makes you more dependent on the manufacturer, with smaller margins.

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Can I buy a car if I’m a few hundred dollars short?

Shawn Ryder

Fortunately, there are several strategies to consider that can help bridge that gap without compromising your financing options or peace of mind. Exploring Your Options for Financing If you’re still short on funds, consider exploring various financing options that can help you obtain your vehicle.

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Boom or bust: what’s the future for EVs in 2024?

Jato

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 ?

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