Automotive Addicts

JANUARY 22, 2024

Vroom’s move comes as a response to challenges in securing additional capital for its operations, particularly in extending the vehicle floorplan facility beyond its current expiration date of March 31, 2024. Both entities will continue to serve their third-party customers and focus on growth in their respective domains.

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Retail Floorplan Finance Automotive 110

Carscoops

JANUARY 23, 2024

Customers who have already signed a contract to buy or sell a vehicle should reach out to Vroom’s support team at (855)-524-1300. Vroom intends to expand this segment of its business to cater to third-party customers. What remaining vehicle inventory it has left, it plans to sell through wholesale channels.

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Floorplan Retail Sales Finance 122

AutoSuccessOnline

JANUARY 31, 2025

Designed to be ganged together via shared columns to fit more lifts in less space, it delivers unmatched versatility and convenience for automobile dealers, automotive shops, commercial parking operators and car collectors.

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Floorplan Term Automotive Customer 52

Auto Remarketing

OCTOBER 22, 2024

Sending a full-size truck to auction appears to be as much of a heartburn-triggering situation for franchised dealers as seeing that new model sitting in inventory and on the store floorplan for 100 days or more. Data from Black Book, Cox Automotive and J.D.

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Floorplan Rebate Retail Automotive 98

Full Path

JULY 30, 2024

In today’s automotive landscape, consumers and dealerships are caught in a complex web of economic pressures. Explore 2024 automotive market and leasing trends, with strategies for dealerships to navigate economic pressures and boost profitability. Yet, beneath these positive indicators lies a deeper issue. record set in Q4 2023.

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Floorplan Dealerships Down Payment Insurance 52

AutoSuccessOnline

MARCH 12, 2024

Cox Automotive expects small gains in the used-vehicle market, despite limited availability. You are being evaluated just the same as you assess your customers. Be aware of how much credit you have — especially if you have multiple floorplan lenders — and stay away from hard money lenders who drain a dealer’s cash flow daily.

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Floorplan Deal Automotive Customer 52

Auto Remarketing

OCTOBER 6, 2023

I was listening to a panel discussion with some very esteemed automotive economists recently, and in discussing the prospects of electric vehicle sales growth in the United States, a shocking, though true, fact was agreed to by all. automotive retailers. A long time ago, an automotive retailer sold vehicles. First, the research.

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Term Floorplan Retail Sales 52