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. One other note from the wholesale market.

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

Full Path

JULY 30, 2024

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.

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Floorplan Down Payment Dealerships Insurance 52

Drive.com

JULY 28, 2024

That would leave dealers paying significant floorplan interest costs. Industry experts claim the NVES will quash the new-car market by as much as 19 per cent, significantly increasing demand – and potentially prices – for used cars as buyers look to side-step the new regulations.

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Floorplan Manufacturing Networking Finance 76

Auto Remarketing

MARCH 27, 2024

Still, Q4 profits remained an estimated 78% higher than they were in Q4 2019, just before the COVID pandemic, which Haig Partners said is helping keep buyers and investors attracted to auto dealerships. “We Sharply rising inventories and floorplan expense are pushing down profits at most stores.

Floorplan 59

Floorplan Retail Dealerships Deal 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 Floorplan Dealerships Deal 52