Carscoops
FEBRUARY 10, 2024
However, in December, the nation’s government abruptly decided to end the incentive program, and in the aftermath EV sales have cratered. Compared to December 2023, sales of new electric vehicles were down 54.9 percent, while sales of plug-in hybrids were down 19.6 percent in the first month of 2024. percent for gas, +9.5
Motor Trader
AUGUST 15, 2024
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.
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Carcloud Auto Group
MARCH 10, 2025
Sales Tax : Virginia imposes a 4.15% state sales tax on vehicles, along with local taxes that vary by county. For example, in Stafford County, the total sales tax is 4.15%. Title and Registration Fees : These mandatory fees cover the cost of transferring ownership and registering your vehicle with the Virginia DMV.
Motor Trader
AUGUST 23, 2024
“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.
Motor Trader
AUGUST 12, 2024
“Additionally, the used car market remains affected by the post-COVID decline in new car sales, limiting the volume of vehicles being defleeted. While price reductions could boost sales, the industry’s recovery will be a “slow and complex” process.
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.
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. The company was struggling with the higher costs of running EVs.
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