This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Efficient inventory management will also help reduce costs by preventing overstocking or understocking, which is essential for keeping your shop’s finances healthy. From setting competitive service prices to tracking expenses and managing payroll, shop owners must keep a close eye on the finances to stay profitable.
Car ownership has long been a symbol of independence and mobility, but the way people finance their vehicles has evolved significantly. With more consumers opting for carfinance agreements to afford their dream cars, issues related to transparency and fair lending practices have become a growing concern.
Shopping for a new car has become more satisfying, according to a new study. The 2024 Car Buyer Journey (CBJ) Study by Cox Automotive said these high lelevls of satisfaction are being driven by advancements in digital tools that seamlessly integrate online and in-dealership activities.
Both options have pros and cons, it just depends on your time and finances. Hiring an accountant to go over the business finances with you will ensure that you have all the information necessary to make an educated decision about your potential purchase. Looking forward to another great year in 2025!
In the UK, owning a car isn’t just a luxury; it’s often a necessity. You might be wondering if it’s even possible to get carfinance on benefits. The Reality of CarFinance on Benefits According to the Department for Work and Pensions, around 20 million people in the UK are on some form of benefit.
The excitement of a new car is to the point where it is easy to focus on the monthly instalment alone. In order to compare carfinance offers like a seasoned negotiator, you need to understand the finer details: APR, term lengths, total repayable cost and so on. But savvy buyers know better. However, this comes at a price.
CARS magazine reached out to leaders in the automotive repair and service sector of the automotive aftermarket to ask them about their thoughts about the industry over the next 12 months. The post <span style=color:#ff0000>CARS Executive Outlook:</span> Mark Pereira appeared first on Auto Service World.
Purchasing a car is a pivotal decision influencing one’s daily commute, lifestyle, and financial well-being. The considerations are multifaceted, from fuel efficiency to safety features, financing options, and after-sales services. One primary benefit of affordable financing options is expanding the customer base.
A recent survey from Refused CarFinance found that 66 per cent of respondents in the … The post Why some won’t buy an EV appeared first on Auto Service World. High initial costs, range anxiety and lack of charging options are keeping many away from considering buy an electric vehicle, a recent survey found.
A federal judge in Georgia is ordering a bankrupt auto financing company to pay out $42.6 Sometimes car dealers cannot Read more. million in damages, restitution and penalties for violating the Consumer Financial Protection Act. It apparently carried out wrongful repossessions , over billing and other awful practices and scams.
Understanding how to adjust your business finances in 2025 as auto repair costs rise isnt just about survival. At least once per month, review: Profit & loss statements ARO and car count trends Key expense categories Progress toward revenue and profit goals Better data leads to better decisions. So how do you stay ahead?
While economic activity was robust and car counts remained high, shop owners struggled with staffing shortages and fierce competition for skilled talent. Competing against dealerships As interest rates begin to fall, dealerships are regaining their ability to offer attractive leasing and financing options.
However, the financial commitments involved in the outright purchase of a car might overburden some customers or be beyond others entirely. Car Loans While buying a car outright might be outside everyone’s reach, car loans provide an alternative. It’s like a long-term rental.
One of the most essential tasks is arranging the right car insurance. In this guide, well explain everything new drivers need to know about car insurancehow it works, how your premium is calculated, and what impact a PCP carfinance agreement may have on your insurance requirements.
How Dennis Dillon Auto Group Built a Winning Private-Party Buying Program Most car dealers think the best used vehicles are found at auctions. We talked with their used car manager, Bryan Bough, about their private-party buying program. They didnt just tweak their existing process; they completely reinvented how they acquire used cars.
In this blog post, we examine the different functions within a car sales setting and highlight how each member contributes to the success of the collective. Car Sales Manager: Steering Dealership Success with Auto Sales Training The automotive sales manager is the main driving force of any sales team.
[link] In the ever-evolving landscape of personal finance, diversifying your financial strategy is key to managing unexpected expenses and achieving financial stability.
The car buying process has traditionally been a daunting and time-consuming experience, often fraught with confusion, haggling, and uncertainty. However, in recent years, CarGurus has emerged as a game-changer, revolutionizing the way people buy cars. Buyers often feel uncertain about whether they are getting a fair deal.
Digital-First Customer Journeys With the rise of online shopping, modern car buyers often complete a significant portion of their researchand sometimes even their purchasebefore ever setting foot in a showroom. Todays consumers demand clear information on financing, vehicle history, warranties, and trade-in values.
A survey of Used Car Dealers Association members highlighted a stark contrast between independent used vehicle dealers and franchised new vehicle dealers. Despite easing pressures in pricing and financing, the broader challenges facing the Canadian economy leave some uncertainty, DesRosiers reported. Among independent dealers, 45.3
These days, it seems like all the desirable, interesting cars are staying expensive instead of getting cheap so they can ruin the finances of normal people willing to roll the dice on maintenance and repairs. Those may be bad decisions, but we at least want the opportunity to make them, dammit. The BMW i8 , on the Read more.
Small competitors positioned at the lower end of the market started absorbing business from used car lots and garages, which focused on budget-conscious customers. As the need for larger inventories grew, jobbers increasingly relied on credit facilities to finance stock expansion.
Independent car dealerships must remain competitive compared to other independent dealers in their area and large national chains with big budgets, a strong brand identity, and access to a nationwide inventory. Offer financing options: Just like a variety of cars, customers like a variety of financing options.
As more consumers embrace the benefits of EVs, the used car market is also seeing an influx of these eco-friendly vehicles. This article explores how car dealers are adapting to the growing presence of certified electric vehicles (EVs) in the used car market and what this means for consumers.
As more consumers embrace the benefits of EVs, the used car market is also seeing an influx of these eco-friendly vehicles. This article explores how car dealers are adapting to the growing presence of certified electric vehicles (EVs) in the used car market and what this means for consumers.
The difference between the price of a new car during the third quarter and that of a used car is enough money to … well … buy a car. Specifically, new vehicles sold for an average of $47,542 during Q3, which is $20,365 higher than the average price buyers paid for used cars ($27,177), according to the Edmunds data.
Cars.com has released its second annual Affordability Report, highlighting a more accessible retail environment for car buyers. The 2024 report provides a comprehensive, data-driven analysis of the current market, including consumer buying attitudes, financing trends and detailed vehicle comparisons.
If your car has been hit, you may be debating whether to repair the damage or purchase a new vehicle. However, repairing hail damage can offer significant benefits that outweigh the costs and challenges of buying a replacement car. Well even give you a free rental car, so youre never without transportation during the repair process.
Cerritos Auto Square, America’s largest auto mall, launched the first-ever free car buying help through its Concierge Department. Car shoppers in Southern California now get free access to concierge representatives who guide and assist them throughout the process.
Owning a luxury car in Austin is a dream for many, but the reality often includes unexpected expenses beyond the initial price tag. In Austin, insuring a luxury car can cost significantly more than standard vehicles, depending on the specific luxury vehicle, the driver’s history, location within Austin, and the insurance provider.
In this AutoSuccess Executive Spotlight, Steve Lindsay of ZipDeal and Lindsay Automotive discusses how a structured pre-delivery system can streamline the often chaotic process between closing a car deal and finance. Traditionally, this period is underutilized and riddled with inconsistent execution.
Tesla has just hit a massive milestone: the automaker has rolled out six million cars since 2005, when the first model, the Roadster, saw the light of day almost two decades ago. Then, the Model S sedan came to li. continue reading. )
Today’s customers are increasingly resistant to answering phone calls from businesses, especially car dealerships. Personalization and Customization: Texts can be tailored to a customer’s specific interests using data-driven insights, such as updates on a specific vehicle model or financing options.
For stakeholders in the automotive industry, particularly in the used car market, understanding how blockchain can reshape the sector is not just about keeping pace it’s about seizing opportunities for efficiency, transparency, and growth. Automate compliance: Regulatory compliance in finance is often complex and time-consuming.
Picture Credit Unexpected car troubles can hit when you least expect them, often leaving you scrambling to cover towing bills. Why Towing Bills Catch Many Off Guard Car breakdowns often come out of nowhere. Handling Towing Bills Confidently Facing unexpected towing bills doesnt have to derail your finances.
Meta description: Discover why vehicle history reports are crucial for used car transactions, providing transparency, negotiation leverage, and peace of mind for both buyers and sellers. In the complex world of used car purchases, vehicle history stands as perhaps the most valuable tool for both buyers and sellers.
Its not just about selling cars anymore; its about building lasting relationships through exceptional digital-first experiences. Online Financing Tools: Simplify one of the most stressful parts of car buying. Virtual Reality Experiences: Offer immersive test drives and customization options from anywhere.
Renewing car insurance can be an essential yet cumbersome task for drivers. Understanding common missteps made during car insurance renewal will enable informed decisions, protect finances, and ensure maximum protection. When renewing your car insurance policy, it’s best to consult experienced brokers.
Recovering lost wages is a critical component of car accident claims, particularly when injuries prevent individuals from returning to work. In Pennsylvania, 67,012 injuries resulted from car accidents in 2022 alone, highlighting the significant financial strain placed on victims in cities like Pittsburgh.
Quebec’s Changing Landscape for EV Subsidies Quebec has been a frontrunner in promoting electric vehicles, offering substantial rebates to encourage consumers to switch from gasoline-powered cars to EVs. These incentives have significantly boosted EV sales, with electric vehicles comprising 23% of all cars sold in Quebec by late 2023.
Anyone who’s ever sold cars for a living has had this experience: a customer walks into your showroom, they express great interest in a particular vehicle, then the deal falls apart practically before it even begins. Worse yet, a person who just relocated to the U.S. won’t even have an SSN, so there’s no credit history at all.
American automakers have long feared Chinese competition , worrying that cheaper cars built just as well would knock the floor out of a profitable industry. Now, regulators have found a way to protect American brands by outright banning Chinese cars or automotive hardware or software used for communications or Read more.
Leveraging proprietary artificial intelligence models, CarJazz transforms the car-shopping experience by enabling consumers to engage with vehicles using natural, conversational language, both via text and speech. CarJazz AI is built on the premise that not all car buyers are the same and deserve a better car buying experience.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content