Carscoops

JULY 22, 2024

Average new-vehicle APRs increased to 7.3% During the second quarter of 2024, the average new-vehicle APR jumped from 7.1% to 7.3%, marking the sixth consecutive quarter that APRs have been above the 7% mark. During the second quarter of 2024, the average new-vehicle APR jumped from 7.1% during the second quarter.

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Down Payment APR Finance Term 118

Shawn Ryder

JANUARY 20, 2024

Understanding Annual Percentage Rate (APR) If you’ve ever borrowed money, you might have heard the term “Annual Percentage Rate” or APR. But what exactly is APR and how does it affect your loan? What is APR? APR stands for Annual Percentage Rate. How Does APR Affect Your Loan?

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Full Path

MAY 22, 2025

And the pressure does not stop at the sale Todays car buyers are facing it on every front: Auto loan rates are still higheven prime buyers are seeing 6.40% APR on new cars, while subprime buyers are facing over 13% as per Experian. Heres Something to Think About – For dealerships, leasing is more than a financing tool, it is a strategy.

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Carscoops

JULY 22, 2024

Subaru told us that there are “very few remaining examples” of the 2024 Forester at dealerships nationwide. The 2025 Subaru Forester may have hit US dealerships this spring, but its predecessor is stealing the show. The 2025 Subaru Forester may have hit US dealerships this spring, but its predecessor is stealing the show.

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Carscoops

MAY 14, 2024

Currently, American shoppers have a limited selection of fully electric vehicles at Volvo dealerships: the XC40 Recharge and the C40 Recharge. Volvo USA Sales By Powertrain, April 2024 Powertrain Apr 24 Apr 23 Diff. % Volvo US Sales by Model Models Apr ’24 Apr ’23 Diff. % YTD 24* YTD 23* Diff.

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APR Sales Manufacturing Buyer 119

Shawn Ryder

JANUARY 19, 2025

As the calendar year draws to a close, car dealerships roll out an array of enticing discounts and promotions, aiming to lure in customers looking for the best deals. As dealerships aim to clear their lots of older inventory, they often offer substantial markdowns, trade-in incentives, and financing deals to attract buyers.

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AutoSuccessOnline

JANUARY 22, 2025

The enhancements empower dealerships to more easily configure and efficiently manage the sales process, desk deals, streamline financing workflows and close sales more quickly. Offers with lower APRs or better terms are proactively highlighted so finance managers pick the right offer to close the deal.

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Finance Down Payment Retail APR 52

Carscoops

MAY 15, 2024

The V8 has also been upgraded with a forged steel crankshaft, forged H-beam rods, forged 2618 aluminum pistons, and APR high-strength head and main studs. Regardless, we know that the Yenko S/C will be offered in Coupe and Convertible guises and available through GM dealerships in the U.S. The changes don’t stop there.

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Shawn Ryder

FEBRUARY 7, 2024

This guide aims to provide comprehensive insights into selecting the right vehicle, understanding financing options, and effectively navigating dealership negotiations in 2024. Get Pre-Approved: Before visiting a dealership, secure financing pre-approval from banks or credit unions. Navigating Dealership Negotiations 1.

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Finance Mileage Limit Rebate APR 98

Carscoops

SEPTEMBER 29, 2024

Car shoppers returning to dealerships for the first time since before the pandemic are getting a nasty shock. Three-quarters of drivers said they wouldn’t accept an interest rate higher than 6 percent, but 60 percent of buyers financed at between 4 and 9 percent APR, and the average rate for all cars purchased in July was 7.1

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Buyer APR MSRP Finance 116

Carscoops

DECEMBER 17, 2024

More: 2025 Toyota bZ4X Gets $10,000 Lease Discount And 0% APR Before It Even Hits Dealers The range-topping Limited trim starts at $41,800 for a reduction of $5,380. The 2025 bZ4X is slated to arrive at dealerships early next year and customers will find a familiar powertrain lineup. Front-wheel drive variants have a 71.4

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Best Selling Cars Blog

JUNE 3, 2024

Dealerships rush to register the outgoing generation of Citroen C3 New car sales in Spain gain 3.4% Spain May 2024 – brands: Pos Brand May-24 % /23 Apr 2024 % /23 Pos FY23 1 Toyota 8,187 8.6% + 4.4% new 64 – Spain May 2024 – models: Pos Model May-24 % /23 Apr 2024 % /23 Pos FY23 1 Citroen C3 2,823 3.0% + 505.8%

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Best Selling Cars Blog

JUNE 12, 2024

With the new gen Duster (pictured) now hitting dealerships it will probably be so. Romania May 2024 – brands: Pos Brand May-24 % /23 Apr 2024 % /23 Pos FY23 1 Dacia 5,522 35.3% + 30.5% new 50 – Romania May 2024 – models: Pos Model May-24 % /23 Apr 2024 % /23 Pos FY23 1 Dacia Duster 1,971 12.6% + 93.6%

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Carscoops

JANUARY 24, 2025

Dealership lots are down 5% in supply, adding pressure to a tight used car market. Last year, 16,851,978 used cars were sold through dealerships—an increase of 4.34% compared to 2023’s 16,151,073 units. Heading into January, dealership lots were sitting on about 2.22 The 2024 used car market grew to 16.8

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Sales APR Bump Retail 75

Shawn Ryder

MAY 12, 2025

Despite its small size, there are opportunities galore for local car dealerships to tap into the benefits of digital marketing. As the market becomes increasingly competitive, understanding how to harness the power of digital strategies can not only elevate your dealership’s visibility but also drive significant sales growth.

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Shawn Ryder

SEPTEMBER 28, 2024

Conversely, when interest rates decline, financing becomes more affordable, encouraging more customers to take advantage of lower monthly payments and potentially boosting overall sales at dealerships. Therefore, dealerships often see a direct correlation between interest rate trends and their sales figures.

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Autoleadstar

OCTOBER 1, 2024

Automotive-centric Customer Data Platforms (CDPs) have become essential tools for dealerships over the past few years. These centralized data hubs offer a unified view of customer information, enabling dealerships to make informed decisions and drive personalized marketing efforts.

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Automotive APR Dealerships Customer 52

Shawn Ryder

JANUARY 19, 2025

When it comes to purchasing a vehicle, car buyers are often faced with the dilemma of whether to take advantage of a dealership’s price match policy or simply walk away. We will also touch upon best practices for dealerships to enhance their customer engagement and sales strategies.

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Dealerships Fair Market Value Rebate APR 52

Shawn Ryder

SEPTEMBER 17, 2024

For car dealerships, navigating these regulations is crucial not only for compliance but also for maximizing their digital marketing efforts. Understanding how to align your dealership’s digital presence with state-specific automotive laws can enhance your credibility and trustworthiness among consumers.

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Automotive Dealerships APR Finance 52

Autoleadstar

JULY 14, 2024

By unifying, cleaning, and managing all your first- and third-party data, a CDP gives you full access to every data point at your dealership, offering deep insights into your shoppers and inventory so you can make smarter, data-driven business decisions. With identity resolution technology, their profiles might even go back a decade.

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Automotive APR Dealerships Customer 52

Shawn Ryder

FEBRUARY 14, 2024

Offered by vehicle manufacturers to dealerships, these incentives aim to boost sales of new cars, trucks, and SUVs through various special offers. These can include cash rebates, low Annual Percentage Rate (APR) financing, lease specials, and other promotional offers.

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Dealer Incentives Dealer incentives Manufacturing Rebate 52

Shawn Ryder

JANUARY 18, 2025

In this blog post, we will explore the intricacies of automotive financing, including how interest is determined, what factors influence the rates, and how manufacturers and dealerships play a role in this process. Understanding the APR The Annual Percentage Rate (APR) is a broader measure that reflects the cost of borrowing.

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Auto Alert

DECEMBER 15, 2023

Target those considering a switch, considering their captive bank’s highest APR. From overdue maintenance to open recalls, our Advanced Search feature provides compelling reasons for customers to visit your dealership. Use the proximity filter to focus on the service drive for a more in-depth analysis.

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Customer APR Banking Dealerships 52

Shawn Ryder

MARCH 13, 2024

Understanding Interest Rates and Fees The Role of APR in Car Finance Interest rates play a crucial role in determining the overall cost of your car loan. The Annual Percentage Rate (APR) represents the total cost of borrowing, including the interest rate and any additional fees charged by the lender.

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Finance Prepayment Penalties Balloon Payment APR 52

Autoleadstar

SEPTEMBER 3, 2024

Automotive dealerships are constantly seeking innovative ways to stand out in the crowd. By consolidating all customer data, CDPs enable dealerships to gain in-depth understanding of customer preferences and behaviors. In a world of busy inboxes and ad saturation, standard ads and email blasts are no longer hitting the mark.

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Customer Pre-Qualify Dealerships APR 52

Autoleadstar

OCTOBER 28, 2024

As inventory levels rise and brand loyalty wanes, car dealerships are navigating an intensely competitive landscape. Delivering targeted messaging about enticing dealership promotions to the right customers has never been more crucial. Customers are more likely to return to a dealership that understands their interests.

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Sales Dealerships Finance APR 52

Shawn Ryder

FEBRUARY 7, 2024

When you’re dealing with car dealerships, whether buying a new car or getting service on your existing vehicle, you might encounter several terms that aren’t immediately clear. F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles.

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Automotive Mastermind

MARCH 4, 2022

Today’s buyers are faced with few options: Shop around until they find the vehicle they like (potentially at another dealership) or maintain their current vehicle until the market normalizes or their pre-order or reserved sale arrives. A well-managed service-to-sales process starts from the top-down and is best supported by an informed team.

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Sales Dealerships APR Customer 52

Automotive Mastermind

NOVEMBER 18, 2022

Still, S&P Global Mobility notes the average APR has risen for the upper-level credit tiers, but not for the lowest tier, including credit scores between 300–600. APR in August versus 5.4% According to S&P Global Mobility, credit unions now offer the lowest average rates in the industry at an average 4.7% for captives and 6.2%

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Buyer Finance Supply Chain APR 52

Shawn Ryder

OCTOBER 8, 2024

Whether you’re a car buyer, a dealership employee, or simply someone passionate about automobiles, being well-versed in automotive abbreviations can provide you with the knowledge needed to navigate discussions and make informed decisions.

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Term Automotive Manufacturing APR 52

Shawn Ryder

SEPTEMBER 17, 2024

For car dealerships, navigating these regulations is crucial not only for compliance but also for maximizing their digital marketing efforts. Understanding how to align your dealership’s digital presence with state-specific automotive laws can enhance your credibility and trustworthiness among consumers.

APR 52

APR Finance Dealerships Term 52

Shawn Ryder

JANUARY 17, 2025

When it comes to the world of automotive finance, many car dealership professionals often find themselves inundated with a myriad of questions regarding financing options. They may encounter terms and concepts like APR (Annual Percentage Rate), credit scores, down payments, and loan terms, which can be confusing.

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Finance Down Payment APR Insurance 52

VinSolutions

JUNE 8, 2017

Designed to help dealerships turn customer data into sales and service opportunities, TargetPro and TargetPro+ are add-ons to VinSolutions’ industry-leading Connect CRM. TargetPro helps dealers identify prospects in their database and segment customers based on ownership factors such as equity, APR, lease terms and more.

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Customer Automotive APR Technology 52

Shawn Ryder

JANUARY 25, 2025

Dealership Financing: Many dealerships provide in-house financing options. Questions to Ask Your Lender When negotiating financing, consider asking your lender these important questions: What is the APR of the loan? Credit Union Financing: Credit unions generally offer lower interest rates compared to banks.

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Finance Down Payment Insurance Banking 52

Shawn Ryder

JANUARY 20, 2025

Dealership Financing: Many dealerships offer financing through their own programs or partnered lenders. Exploring Financing Terms When discussing your loan options, be aware of the following terms: APR (Annual Percentage Rate): This represents the total cost of borrowing annually, including interest and fees.

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Finance Down Payment Banking APR 52

Turbo Marketing Solutions

JUNE 13, 2024

Content marketing, when wielded correctly, has a knack for luring in potential customers for car dealerships. Car dealerships can utilize content marketing by creating helpful and informative blog posts, videos showcasing vehicles, and engaging with potential customers on social media. Now, let's talk more about lead generation.

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Proactive Training Solutions

APRIL 26, 2023

The Sales Objections You Need to Master In 2023 By Susan Gaytan Apr 26, 2023 10:46 pm Facebook Twitter LinkedIn Climbing interest rates and fluctuating used car prices have brought on new fears and doubts for car shoppers this year. Does your dealership offer something that others don’t? What makes your experience different?

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