Automotive Floorplan Retail 
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
If you were thinking about pulling the trigger on a used car through online retailer Vroom, we’ve got bad news: you missed your shot. Times have been tough for online used car retailers, in general. The company announced today that it is suspending all transactions through vroom.com, and laying off around 90 percent of its staff.
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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. What might happen next in wholesale and retail? “As
Auto Remarketing
MAY 20, 2024
You know how your dealership fits into the larger automobile retail industry. It was the voice of the dealer that kept 100% deductibility of floorplan interest expenses in the Tax Cuts and Jobs Act. You know your business’s impact on your employees, on the economy and on your community. They need to hear from you.
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. As we moved into July, there were signs of recovery in the retail vehicle market.
AutoSuccessOnline
FEBRUARY 14, 2025
Major tire retailers have told us they believe that limiting how high their technicians can raise vehicles will reduce the chance of accidents, vehicle damage and technician injury, explains Jeff Kritzer, BendPak president and CEO. Standing just 93.5 The 12AP-SRT is also an option for shops with low ceilings.
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.
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