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CADA reacts to federal budget

Canadian Auto Dealer

Deputy Prime Minister and Minister of Finance Chrysia Freeland tabled the federal budget in Ottawa this week, and auto industry groups are offering a mixed reaction. Lifetime capital-gains exemption for Canadians will rise from $1 million to $1.25

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Changing Auto Buyer Behavior: Tips to Help Dealers Adapt

Automotive Mastermind

The Cost of Financing Vehicles Has Risen The cost of financing vehicles is high for a variety of reasons, including: Customer demand Inflation Rising interest rates According to TransUnion reports , used vehicles “propel the debt metric,” with average used-vehicle monthly payments rising 22% on a year-over-year basis to $505 in Q1 2022.

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How the Service Drive Supports Dealership Profitability Across Departments

Automotive Mastermind

This technology allows dealers to identify and engage service customers who are approaching the end of their lease or finance term, or the end of their warranty. To stay ahead of vehicle delivery delays, these dealers are leveraging dealership marketing technology that integrates with data from their CRM and DMS.