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.

Floorplan 98

Floorplan Rebate Retail Automotive 98

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 Automotive Customer 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

AutoSuccessOnline

OCTOBER 16, 2024

Buyers and sellers alike are looking for a no-surprises experience. With the seller’s reputation on the line, buyers can be confident the vehicle they bid on is the vehicle they get. Real-Time Auctions DealerClub offers flexibility for both buyers and sellers. “DealerClub believes in those dealers.

Automotive 52

Automotive Floorplan Buyer Deal 52

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

Canadian Auto Dealer

NOVEMBER 4, 2024

The fact we’ve accommodated (new EV buyers) on that front is great. In 2021, it added to its holdings with a powersport marina when it acquired Sudbury Yamaha in a package deal that also included Sudbury Mitsubishi. We make sure we always have them in stock.” He said the charging stations are sold at a “heavily-subsidized” cost.

Dealerships 52

Dealerships Retail Floorplan Finance 52