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Navigating Inflationary Pressures on Vehicle Ownership: A Guide for Auto Dealers

AutoSuccess

Interest Rates : Interest rates for auto loans have risen sharply. According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% Insurance Costs : Auto insurance premiums have soared, with Bankrate noting an average cost of $200 per month. for used car loans.

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2025 Hyundai Sonata reintroduces entry-level SE trim, brings down the starting price

Autoblog: Repairs

auto market fills in another piece with the arrival of the 2025 Hyundai Sonata. The other trim news is the SEL with the $3,050 Convenience Package being broken out as its own trim, which could be considered another restoration after the SEL Plus also left the lineup at the end of the 2023 model year.

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A Look at How Auto Lenders and Retailers Continued Back Office Digital Adoption in Q4

AutoSuccess

The steady growth in digital documentation processes reflects a mature understanding of the long-term benefits, positioning digital transformation as a critical pillar for the auto industrys future. Todays Rebounding Auto Market The positive trends in the reported digital adoption coincide with a continued rebound in the U.S.

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Cox Automotive Makes World-Class Connections at NADA 2024

AutoSuccess

auto market in 2024 , auto dealers face many new challenges: tighter margins, new technology, and a shift to a more electrified future. Sessions will also include deep dives into consumer shopping behaviors, the digitization of vehicle logistics and better inventory management.

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Report finds California cities dominate list of most EV-friendly housing markets

Auto Remarketing

“Similarly, rates of EV adoption vary by market, and rates of EV-friendly homes in different areas reflect that. Sellers and property managers who can meet that demand, which can be found in newer and older homes, will undoubtedly have an edge.” In the San Jose market, the report said, one in five households has an EV and 4.9%

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New sales market sees first real setback

Auto Service World

Despite a dip in September sales, Canada’s auto market maintains a robust year-to-date growth, driven by strong performances from key brands. Canada’s automotive market experienced a slight setback in September, with sales of new vehicles dropping 3.6 By the end of the third quarter, the market had reached 1.41