AutoSuccessOnline

MARCH 12, 2024

Let buyers browsing your online offerings learn as much as possible from your vehicle photos. 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.

Floorplan 52

Floorplan Deal Customer Automotive 52

Auto Remarketing

MARCH 27, 2024

Al Hendrickson Toyota sold for the highest price ever paid for a dealership of any kind at the time, and Lake Norman Chrysler-Dodge-Jeep-RAM set the record for a Stellantis store, according to Haig Partners, which advised on both deals. Sharply rising inventories and floorplan expense are pushing down profits at most stores.

Dealerships 59

Dealerships Floorplan Retail Buyer 59

DealerTrack Insights

JUNE 9, 2022

All of that equals less paper, less fumbling for pens, and a more streamlined process for the dealership and the car buyer. That’s what it costs you in overhead, floorplan and interest just to have a vehicle sitting idle – and those costs erode your profit margin and affect your bottom line.

Electronics 52

Electronics Dealerships Floorplan Customer 52