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.
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.
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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. Each lift can accommodate two vehicles, including cars, SUVs and light trucks.
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.
AutoSuccessOnline
OCTOBER 16, 2024
The post Automotive Tech Entrepreneur Joe Neiman Launches DealerClub appeared first on AutoSuccessOnline. Maximum Bidder Engagement All auction prices on DealerClub start at $0, maximizing bidding engagement. DealerClub is the blank canvas that dealers have been waiting for.”
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.
AutoSuccessOnline
MARCH 12, 2024
Cox Automotive expects small gains in the used-vehicle market, despite limited availability. 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. Stay informed about software options for managing your floorplan.
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