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Gen Z is driving a significant shift toward AI agent-powered car buying and maintenance, according to recent research. Car buying Gen Z is more likely than older generations to use AI to research cars and find the best deals.
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.
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.
While still high, prices for used vehicles trended downward over the last year. AutoTrader reported that January 2025 prices for used vehicles hit $36,899, down 5.7 Thats in comparison to new vehicle prices coming in at $65,317 that month, a drop of 2.9 Dealers are split on their primary sources of vehicles.
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.
In the UK, owning a car isn’t just a luxury; it’s often a necessity. Whether it’s getting to work, taking children to school, or simply running daily errands, having a reliable vehicle can significantly improve your quality of life. You might be wondering if it’s even possible to get carfinance on benefits.
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 expectation is that modern vehicles should be repaired and maintained by modern shops and expertly trained staff.
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 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.
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The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the used car market is also seeing an influx of these eco-friendly vehicles. This technology makes EV’s the perfect car for environmentally based consumers.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the used car market is also seeing an influx of these eco-friendly vehicles. This technology makes EV’s the perfect car for environmentally based consumers.
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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. No matter how the market shifts, youll always have a steady channel of vehicles coming in.
” With new vehicle supply severely constrained, inflation driving up prices and interest rates making vehiclefinancing less accessible, consumers held on to their cars longer. As disposable income shrinks and vehicle kilometres travelled decrease, many consumers are deferring or avoiding repairs.
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.
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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.
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Photo: ThisIsEngineering/ Pexels Privacy4Cars, a technology company that develops tools to protect data privacy and secure vehicle data for automotive businesses, recently received a new federal patent for its system and method that rates vehicles on data privacy. Search Search Telematics Safety Resources More Topics Oct.
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Do electric vehicles really offer a lower cost of ownership than gas-powered vehicles? The automotive data firms 2025 Electric Vehicle Cost of Ownership Analysis found 44% of the 54 EV models studied had a lower total cost of ownership over five years than a similarly equipped gasoline alternative a drop from 49% in the 2024 study.
Historically, the automotive service industry demonstrates an inverse relationship with economic conditions: In prosperous times, new vehicle sales increase, reducing the average vehicle age and lease/finance turnovers, which dampens service revenue growth. However, this cycle has been atypical. For example, Monro, Inc.,
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. Enough, at least, to purchase an older pre-owned vehicle. The gap between used- and new-car prices isn’t the only one worth noting — so, too, is the gap between wants and realities.
Owning a luxury car in Austin is a dream for many, but the reality often includes unexpected expenses beyond the initial price tag. If you’re considering a high-end vehicle, it’s important to understand these hidden costs to make an informed decision, and know what you can actually do about them.
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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 a wide variety of vehicles: Customers like choices, including new popular hybrids or EVs. How do they do that?
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Hail storms can wreak havoc on vehicles, leaving behind unsightly dents and dings. 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.
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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.
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I was raised in my automotive beginnings to know that if the customer didn’t drive the car, management would not give approval to ask the customer to purchase. is rather obvious on pre-owned vehicles, since no two pre-owned vehicles are exactly the same and they have wear and tear that new vehicles do not.
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When a prospective buyer of a used vehicle from CarMax doesn’t qualify for financing, they’ll likely be offered a loan from Exeter Finance as a lender of last resort.
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