The Truth About Cars

DECEMBER 10, 2024

If true, the broader ramifications of this would be that CDK Global had intentionally forced retailers to pay higher prices while keeping useful information from them likely resulting in those costs trickling down to consumers while ensuring it maintained the lions share of the dealer services market. CDK's technology is outdated.

Dealers

The Truth About Cars

MAY 10, 2024

Cutting new-car prices is a great way to boost sales, but it’s not always kind to the dealers stuck with the inventory. Many Nissan dealers have already been selling below invoice, saying that demand has been so weak that they have been forced to incentivize any buyer willing to walk onto the lot.

Dealers

The Truth About Cars

DECEMBER 4, 2024

The automaker has struggled with profitability and bloated dealer inventories in recent times, leading some to speculate about its pending demise. To help struggling dealers, Nissan is taking a step that will allow them to combine the two brands under one roof to cut costs. Most Infiniti dealers in the U.S.

Infinity

The Truth About Cars

DECEMBER 11, 2024

Honda recently added a sweet financing deal and thousands off the SUVs sticker price, which could push sales even higher. Prologue buyers can get zero-percent financing for the first time, with terms of up to 72 months. Buyers in some states can get another $1,000 in dealer cash, making the Prologue up to $6,000 cheaper.

Honda

The Truth About Cars

DECEMBER 13, 2023

The Federal Trade Commission (FTC) has announced the finalization of the new Combating Auto Retail Scams (CARS) rule designed to prevent auto dealers from utilizing bait-and-switch tactics and hidden junk fees. If consumers see that a dealer is complying with the CARS Rule, it adds a measure of confidence. That shouldn’t happen.

Auto

The Truth About Cars

DECEMBER 12, 2024

Those interested in purchasing a new vehicle can now pursue, order, finance, and schedule pickup of their car via Amazon. While this means you probably wont have to talk numbers with a dealer, who will undoubtedly try to upsell you on something, it also means you also dont get to haggle.

Hyundai

EV Life

AUGUST 28, 2020

Most car sites are built for gas vehicles, so you have to do countless hours of blog research. Narrow your electric car search Make a charging plan Know your range Maximize EV incentives Test drive Consider leasing vs. financing Get safe pickup or delivery. Consider leasing vs. financing. Why Finance? Learn more here.

Electric Cars

The Truth About Cars

NOVEMBER 27, 2024

CarsDirect located a bulletin sent to dealers by Stellantis that details the numbers for a 24-month lease on the Scat Pack trim, and the early figures look promising. The automaker is also offering financing through Stellantis Financial for six years at zero percent interest. percent APR, lower than the 0.65

Dodge

The Truth About Cars

FEBRUARY 27, 2025

Suits at the Blue Oval have binned a scheme which saw yet-to-be-delivered EVs stored at so-called rapid replenishment centers instead of dealer lots. At the risk of massive oversimplification, floorplan refers to money a dealer is borrowing for purposes of financing its inventory. However, dealers will be dealers.

Ford

The Truth About Cars

SEPTEMBER 27, 2024

The optimized symbol streamlines and simplifies aspects of the original while never losing the core of what our employees, dealers, customers, and partners love.” The company said it would continue building trucks, but noted that it would also target parts, charging, connectivity, and financing as part of the transition.

International

The Truth About Cars

APRIL 2, 2024

Ford knocked several thousand dollars off the Mach-E’s price earlier this year and has offered aggressive financing deals with interest rates as low as zero percent. Analysts told Automotive News that Ford has seen Mach-E sales triple since the changes, bringing its significant dealer inventory down by nine percent.

Ford

My Energi

NOVEMBER 16, 2022

And that’s not all, while the purchase price of EVs has continued to tumble, comparable finance rates are still far higher than their internal combustion engine (ICE) counterparts. From battery systems failing and range figures plummeting, to planned obsolescence after your three-year finance deal is up, we’ve all heard the rumours.

Cheap

The Truth About Cars

JUNE 11, 2024

BMW alerted dealers to the discounts on June 3, and buyers can combine the purchase discount with the automaker’s five-year, 3.99-percent percent financing deal. Its price and, um, controversial styling are the most likely culprits, but BMW’s new offer (somewhat) takes care of half of those challenges.

BMW

The Truth About Cars

DECEMBER 5, 2024

Dealers are now reportedly willing to further sweeten the pot, in the hopes of poaching Jeep owners, by throwing another $2,000 on the hood. However, Ford Authority has likewise reported that dealers are willing to add another $2,000 in Conquest Cash for select markets for Jeep owners. Trade-in or lease termination is not required.

Jeep

The Truth About Cars

DECEMBER 13, 2024

Its good to note that both of those incentives are for the latest model year vehicle, so Toyota is offering deals on vehicles that might not even be on dealers lots yet. Financing deals are also available for the 2025 bZ4x, including a zero-percent loan for 72 months. Buyers get an additional $2,500 rebate when financing.

Toyota

The Truth About Cars

OCTOBER 18, 2023

As consumers and dealers continue to seek SUVs with rugged appearance characteristics, we will continue to offer accessory options that allow them to further personalize their Volkswagen SUV,” said Petar Danilovic, Senior Vice President of Product Marketing and Strategy at Volkswagen of America.

Kits

The Truth About Cars

OCTOBER 22, 2024

But it does offer additional data points and helps underscore some of the reasons why dealers aren’t terribly optimistic about vehicle sales moving forward. We probably didn’t need a bank to tell us any of the above, especially if you happen to be living on any kind of budget.

Purchase

The Truth About Cars

MARCH 28, 2025

The BMWs polarizing design and steep price tag have made it a rarity on dealers lots, but those that have inventory are offering up to $22,500 off the 2024 XM. Incentives include up to $17,500 off for leases and up to $15,000 for cash or finance buyers. Another $5,000 off is available through a conquest and loyalty incentive.

BMW

Blink Charging

NOVEMBER 16, 2023

Now consumers will be able to transfer their tax credit directly to the dealer at the point of sale. This simplifies the process, benefiting both consumers and the dealerships, but it also requires dealers to register on an IRS portal. These changes make it easier for drivers to access tax credits when purchasing clean vehicles.

Tax Credit

Plug In India

DECEMBER 28, 2020

In this blog, Atul shares his thoughts on the discussion. Provision of finance for these customers will lead to a 50% jump in sales. On the dealer front, Pure now has 84 operational outlets, including one in Nepal. Dealer increase and supply chain strengthening have to both happen simultaneously.

Dealers

The Truth About Cars

MAY 2, 2023

In the interest of science, we did try downloading this new app onto a device, even going so far as to adding a Bronco to our account using a VIN grabbed from a dealer listing. Just swing by a Ford dealer and finance a new 4x4 first, alright? Until the app is actually paired with the rig, it seems yer outta luck.

Ford

My Energi

NOVEMBER 10, 2023

According to the results of a new YouGov survey commissioned by the National Franchised Dealers Association (NFDA), consumer acceptance of electric vehicles (EVs) continues to grow. To date this year, more than 260,000 BEVs alone have driven off dealer forecourts, with the Tesla Model Y now the fifth most popular new car in the UK.

Petrol

My Energi

JULY 18, 2024

According to the results of a YouGov survey commissioned by the National Financed Dealers Association (NFDA), for example, 62% of survey respondents still considered EVs far too expensive, while 54% had concerns over their battery life and 57% faced reservations over insufficient charging infrastructure. But why is this relevant?

Sale

EV Adoption

MARCH 9, 2021

Source: Bloomberg New Energy Finance. In my very first article for this site and blog back in January 2017 , I created a framework of factors that were critical for EVAdoption in the US (chart below). In 2010, these batteries sold for more than $1,100 per kilowatt-hour. Source: EVAdoption/Loren McDonald.

Price

Blink Charging

JANUARY 4, 2024

These tax credits, worth up to $7,500 and up to $4,000, respectively, can be used as a down payment on a vehicle, helping to lower your monthly payments if you get financing. And, if you use them, they don’t cancel out any other dealer or manufacturer incentives that may apply to the vehicle.

Tax Credit

Plug In India

MAY 3, 2022

Here is my blog and video on the day. auto finance and is now even into second hand cars. Do you think a dealer takes more care of the scooter than we do? I was there with lots of journalists from auto and mainstream media. In the video, i give a guided tour of the factory. So they pivoted to electric two wheelers manufacturing.

Manufacturer

The Truth About Cars

DECEMBER 30, 2024

Alert readers will recall the CDK disaster earlier this year which brought some 15,000 dealers in the United States and Canada to a state of near paralyzation. This prompted many to revert to pen-and-paper during the outage, which lasted nearly a month in some instances.

Al Gore

Plug In India

APRIL 28, 2021

This is my blog on the observations made when meeting people from different departments - Design, Battery RnD, Factory, Sales, Service and MIS. Some Dealer Stories We started the trip by doing some customer stories. Also talked to one of the 6 dealers in Hyderabad - the young Vinay Reddy of B-Drive Motors.

Electric Motorcycles

Plug In India

FEBRUARY 18, 2022

Atul Gopal I went on a cycling trip from Agra in UP to Bikaner in RJ this winter and here is my blog on it. Here is the blog - [link]. Plan B was to have a buyback deal from a local Agra cycle dealer.) Then there was the Finance Minister, Toda mal, the brains behind the Jaziya tax. Will blog about that separately.

Water

Tony Karrer Delicious EVdriven

APRIL 30, 2009

Asia India China Europe Americas en Español em Português Login/Register to set your edition Set my edition Todays Paper Video Columns Blogs Graphics Journal Community Register for FREE Register for FREE Thank you for registering. Our blogs do not require the use of your real name. Close Home World U.S.

Volt

The Truth About Cars

SEPTEMBER 6, 2024

dealers are becoming less optimistic about the upcoming sales period. That said, it probably doesn’t take an in-depth study to realize there’s something off about today’s product mix and financing options when the most common question I receive from friends about automobiles pertains to why they all seem to cost so much these days.

Dealers