AutoSuccess

SEPTEMBER 6, 2024

The key inflationary impacts to vehicle ownership include purchase prices, interest rates, maintenance, repairs, insurance and fuel costs. cars or roughly two vehicles, according to Money Geek. According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% for used car loans.

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Vehicle Insurance Finance Used Cars 98

Auto Service World

MARCH 14, 2025

Insurance claims, arguably the largest driver of revenue, were down which directly impacted collision topline. Similarly, a sudden drop in used car prices from post-COVID highs resulted in many vehicles not being repaired. Shops must navigate the delicate balance between insurer expectations and maintaining repair quality.

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Collision Repair Insurance Vehicle Media 200

AutoSuccess

AUGUST 12, 2024

Additionally, a rise in used EV sales continues to make headlines. Over 7% of new car sales in 2023 were battery EVs (BEVs), which will lead to an increase of used EV inventory in the coming years. However, this shift also brings new considerations for dealerships, particularly in the F&I space.

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Insurance Vehicle Alternative Fuels Fluid Check 73

AutoSuccess

JANUARY 24, 2024

After pouring countless amounts of energy into the never-pretty process of getting used cars through the shop faster and on the lot for sale — then what? It’s common knowledge that the real rewards and internal gains only come when the car finds its new owner. Gray, an American insurance salesman and motivational speaker.

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Used Cars Insurance Media Vehicle 52