Remove Finance Remove Financing Costs Remove Marketing
article thumbnail

1 In 5 New Car Buyers Took On $1,000+ Monthly Payments In Q4

Carscoops

With the cost of financing skyrocketing, analysts are advising potential buyers to consider alternatives, such as used cars or new EV leases, to keep their budgets in check. in Q4 2023, a small consolation for those financing record-high amounts. New Car Finance Data (Averages) Metric 2024 Q4 2023 Q4 2024 Q3 Loan Term 68.8

article thumbnail

Carwow to help dealers boost sales during September plate-change

Motor Trader

Carwow will launch a new marketing campaign to help boost retailers’ enquiries and sales during the September plate-change. Consumer demand for new cars has being impacted during the first six months of 2024 by increases in finance costs and ongoing cost-of-living concerns.

Retail 106
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

EV Sales Plunge 55% In Germany As Incentives Dry Up

Carscoops

On the other hand, the markets for vehicles with internal combustion engines were up more than 9 percent — +9.1 The small rebound of ICE vehicles wasn’t enough to prop up the automotive market, which shrank by 11.7 in a passenger vehicle market down 11.7% percent, while sales of plug-in hybrids were down 19.6

Sales 135
article thumbnail

Falling interest rates ‘create opportunities’ for dealers.

Motor Trader

It said it expected to see a gradual easing of inflationary pressures into next year, leading to potential benefits, such as reduced vehicle stocking costs and increased market flexibility for OEMs. Allen concludes: “Lower financing costs are a positive step, but they won’t solve all of the market’s challenges overnight.

article thumbnail

Media post: How Much are Used Cars Ownership Costs in Austin in 2024

Best Selling Cars Blog

If you are shopping for a second hand car in Austin Texas there are other costs that you should factor in other than the cost of the car. These are the insurance cost, fuels, repairs, taxes, and depreciation. Knowledge of these factors may assist in making better decisions and allocating the finances effectively.

article thumbnail

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 ?

Retail 111
article thumbnail

Is it smart to buyout a lease instead of straight financing?

Shawn Ryder

When it comes to acquiring a vehicle, consumers are often faced with a pivotal decision: should they buy out their lease or pursue traditional financing? This question is not just about numbers; it dives into personal finance, lifestyle choices, and future freedom with vehicle ownership. Let’s delve into them.

Finance 52