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. Despite concerted efforts, the company faced difficulties raising the necessary capital in the current market environment.

Retail 110

Retail Floorplan Finance Customer 110

Carscoops

JANUARY 23, 2024

“As we previously disclosed, we intended to raise additional capital to fund our operations and support the extension of our vehicle floorplan facility beyond its current expiration date of March 31, 2024,” said Thomas Shortt, Vroom’s CEO.

Floorplan 120

Floorplan Retail Sales Finance 120

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.

Dealerships 52

Dealerships Floorplan Down Payment Insurance 52

Auto Remarketing

MAY 20, 2024

It was the dealer voice that led to the revocation of the Consumer Financial Protection Bureau’s flawed guidance on dealer-assisted financing. It was the voice of the dealer that kept 100% deductibility of floorplan interest expenses in the Tax Cuts and Jobs Act.

Floorplan 98

Floorplan Dealerships Consulting Finance 98

Drive.com

JULY 28, 2024

“The danger is that you get some brands that force this onto the dealer and then, if the market turns on them, they get stuck with cars and they have to finance them. The Australian Automotive Dealers Association said it was also concerned about how the gaps in the fine print would play out for its members. “We

Floorplan 76

Floorplan Manufacturing Consulting Networking 76