Buyer Dealerships Floorplan 
Auto Remarketing
MARCH 27, 2024
While demand for dealerships remained strong in the fourth quarter of 2023, dealership profits and blue sky values fell significantly year-over-year, according to research from Haig Partners. Sharply rising inventories and floorplan expense are pushing down profits at most stores. million in 2023,” Haig said.
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. This flexibility can make leasing more attractive to a broader range of consumers.
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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.
DealerTrack Insights
JUNE 9, 2022
As more and more state motor vehicle divisions adopt electronic registration and titling, dealerships find themselves overhauling their back-office processes to keep up. All of that equals less paper, less fumbling for pens, and a more streamlined process for the dealership and the car buyer.
Canadian Auto Dealer
NOVEMBER 4, 2024
For example, with consumers moving toward EVs as a substitute or an addition to their internal combustion engine vehicles, some dealerships are starting to stock chargers in their parts departments. The fact we’ve accommodated (new EV buyers) on that front is great. We make sure we always have them in stock.”
Drive.com
JULY 28, 2024
That would leave dealers paying significant floorplan interest costs. The Standard was designed in consultation with the car manufacturers and dealership representatives, with the staged implementation being critical to enable preparation and testing of essential data reporting capabilities.”
Auto Remarketing
OCTOBER 6, 2023
dealerships will be coming soon. The study makes a robust case that the dominant vehicle “buyers” of the future prefer the benefits of a subscription/rental over a purchase, and, indeed that may be one of the best ways EVs go “mainstream.” And developments suggest that a larger presence in U.S. appeared first on Auto Remarketing.
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