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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. One other note from the wholesale market.
That would leave dealers paying significant floorplan interest costs. A spokesperson for the Department of Infrastructure, Transport, Regional Development, Communications and the Arts denied the issue was a loophole and said grace periods with new legislation are commonplace.
Interest Rates and Their Impact: Automotive Market & Leasing Trends 2024 Borrowing costs are deterring many potential buyers, and the previously red-hot job market is beginning to cool. By clearing out excess stock through leases, dealerships can lower their floorplan expenses.
And developments suggest that a larger presence in U.S. Some recent developments suggest that this type of personal use case for vehicles may become a much larger “sales” channel for U.S. Some automotive retailers are testing the waters right now before inventory grows into a substantial floorplan expense. automotive retailers.
The fact we’ve accommodated (new EV buyers) on that front is great. There are also some dealerships that have developed businesses that are not directly related to auto retailing. The paintball business developed from an automotive meeting Yachimec attended in Hawaii in 2000. We make sure we always have them in stock.”
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