Tag

Car Shoppers

All articles tagged with #car shoppers

business2 years ago

UAW Strikes: Impact on Car Shoppers, GM's Request, Promises of Middle-Class Life, Biden's Support, and Future Clues

The United Auto Workers (UAW) strike against Big Three automakers may not have an immediate impact on car shoppers, but there is a risk of supplies decreasing and prices increasing in the long term. However, parts shortages could affect vehicle repairs sooner, potentially causing delays. The strikes have expanded to parts distribution centers, which could interfere with repairs as dealerships struggle to find necessary parts. While the strike may not immediately affect car prices, it could lead to the absence of incentives offered by automakers. The impact of the strike will depend on its duration and which plants are affected.

automotive2 years ago

"Auto Industry Trends: CPO Sales Rise as Service Revenue Declines"

The rising cost of new cars has led many buyers to explore pre-owned options, with certified pre-owned (CPO) car sales seeing a 21.5% increase in January 2023 over the preceding year. Some automakers have expanded their CPO programs to include older models and offer extended financing options. CPO cars go through a rigorous inspection process, ensuring no identifiable problems lurk beneath the vehicle's exterior, and finance companies offer lower interest rates and longer-term loan options compared to other pre-owned vehicles. However, Cox Automotive predicts a decline in CPO sales in 2023 due to a limited availability of CPO units.