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GLOSSARY OF AUTOMOTIVE TERMS - RAB(汽车专业术语RAB)
GLOSSARY OF AUTOMOTIVE TERMS
Absorption Rate
The percentage of a dealership’s fixed costs that are covered by service and parts
revenue.
Adaptive Cruise Control (ACC)
The ACC system scans the area ahead of a car for objects ‐‐ mainly other cars ‐‐ and
applies the brakes automatically if a collision is likely to occur.
Add‐Ons
Products or services added by dealerships. Common examples are pinstriping,
rustproofing, alarm systems, electronic equipment, and extended warranties. Add‐ons
can really drive up the sticker price of a vehicle, but their actual cost is usually
negotiable.
Adjusted Capitalized Cost
The difference between the gross capitalized cost and the capitalized cost reduction.
This is the amount used to calculate a lease payment.
Advanced Vehicle Control Systems (AVCS)
Vehicle systems that automate current functions such as distance‐keeping, lane‐
changing, and ramp‐merging.
Advertising Fee
An amount charged the buyer to cover the cost of national and local advertising. Many
experts suggest that this fee should be no more than 1.5 percent of the manufacturers
suggested retail price (MSRP).
Aftermarket (Replacement Market)
Replacement or add‐on purchases for a product after its original sale. The automotive
aftermarket includes replacement parts, accessories, lubricants, fuel, appearance
products and repairs.
Amount Financed
The agreed‐upon sale price of the vehicle, plus any charges for taxes, title, license fees,
service contracts and insurance, less any down payment and/or net trade‐in allowance.
This is the amount which is subject to finance charges.
Radio Advertising Bureau Page 1
GLOSSARY OF AUTOMOTIVE TERMS
Annual Percentage Rate (APR)
The total amount of finance charges expressed as a true percentage of the declining
unpaid balance.
Anti‐Lock Braking System
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