Tag: Automobile Pricing

UBS: Tesla’s new pricing strategy is setting it up to raise more money later this year | Markets Insider

UBS: Tesla’s new pricing strategy is setting it up to raise more money later this year | Markets Insider

Tesla’s newly-revised pricing strategy isn’t just intended to boost its near-term probability — it’s setting the company up to raise more money in the fourth quarter, says UBS. Tesla recently adjusted the down payment requirement for Model 3 ordering. Instead of forking over a $1,000 down payment, customers are now required to submit a non-refundable […]

Cadillac’s Pricing Problem and Buick’s Potential Rebranding Opportunity with Velite 6 and Enspire | Torque News

Cadillac’s Pricing Problem and Buick’s Potential Rebranding Opportunity with Velite 6 and Enspire | Torque News

Cadillac’s Pricing Problem Unfortunately for Cadillac when they repositioned themselves against luxury German automakers like Audi, BMW, and Mercedes, their similar higher pricing followed. And they priced themselves out of the market with the Cadillac ELR PHEV, and even now the Plug-in Hybrid CT-6 is a tough sell against Model Tesla Model S and new […]

The Car Dealership As An Omnichannel Seller | PYMNTS.com

The Car Dealership As An Omnichannel Seller | PYMNTS.com

Car dealers and auto groups want to put their vehicles on the information superhighway – and for good reason: According to a report from Bain & Company, nearly half of car buyers begin their process online. And consumers may prefer car dealerships that offer eCommerce options: Seven out of 10 consumers are more likely to […]

Chevy holds the line on 2019 Silverado prices | Automotive News

Chevy holds the line on 2019 Silverado prices | Automotive News

DETROIT — General Motors is responding to a highly competitive full-size pickup market by holding the price of its redesigned 2019 Chevrolet Silverado close to that of the current generation. GM will lower the starting price of some entry-level models by hundreds of dollars, while planning increases of as much as $1,000 for higher-end trims […]

What Tesla’s Model 3 Price Cuts Tells Us About Its Margins – Tesla, Inc. (NASDAQ:TSLA) | Seeking Alpha

What Tesla’s Model 3 Price Cuts Tells Us About Its Margins – Tesla, Inc. (NASDAQ:TSLA) | Seeking Alpha

First, demand for the product at the initial product bundle was below the desired levels. I’ve seen more than one reservation holder comment online that they were contacted by Tesla to ask why they did not purchase the fully-loaded version. Through reservation feedback (i.e., a lack of purchases) and direct customer interviews, Tesla has learned […]

Tesla Is Boosting Margins by Cutting Prices | TheStreet

Tesla Is Boosting Margins by Cutting Prices | TheStreet

Less is more. That’s the strategy that Tesla Inc. (TSLA – Get Report) is taking with the Model 3’s pricing following a surprise price cut to some trim levels this week. Electrek reports that Tesla changed up its Model 3 options and pricing Tuesday, among other things cutting the base cost of a Performance model from […]

Sophisticated pricing software is boosting car sales | IOL Business Report

Sophisticated pricing software is boosting car sales | IOL Business Report

Renault, JLR and Peugeot said their pricing strategies for spare parts were legal, did not take advantage of car owners and were focused on efficiency and ensuring availability for motorists. Peugeot said its replacement parts strategy “consists in offering ranges of spare parts that meet the needs of all customers, regardless of their budget, at […]

Will Dynamic Pricing Change Sales of Car Parts? | PYMNTS.com

Will Dynamic Pricing Change Sales of Car Parts? | PYMNTS.com

Dynamic pricing has produced more than $1 billion in revenue for automakers over the last decade, according to a report from Reuters this week (June 3). The account of that earnings boost not only reveals how the process works, but raises questions about how the use of pricing software might change the automotive and insurance […]

Consumer Catch-up: Southwest ticket sales, Tesla refunds, computer car parts | abc7news.com

Consumer Catch-up: Southwest ticket sales, Tesla refunds, computer car parts | abc7news.com

Customers want Model 3 refunds When Tesla announced its lower priced Model 3, hundreds of thousands of pre-orders flooded in. Now many consumers are asking for their money back. A third party look at the pre-orders shows 23 percent have been refunded. The company told the website Recode that number is incorrect, but doesn’t say […]

Software and stealth: how carmakers hike spare parts prices | Reuters

Software and stealth: how carmakers hike spare parts prices | Reuters

LONDON/PARIS (Reuters) – Carmakers including Renault, Jaguar Land Rover and Peugeot have boosted revenues by over $1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case. The software works, Accenture told prospective clients, by identifying which […]