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.

Dealerships 52

Dealerships Floorplan Down Payment Insurance 52

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.

Dealerships 59

Dealerships Floorplan Retail Buyer 59

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.

Floorplan 76

Floorplan Manufacturing Consulting Networking 76

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

Auto Remarketing

OCTOBER 6, 2023

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.” Some automotive retailers are testing the waters right now before inventory grows into a substantial floorplan expense.

Term 52

Term Floorplan Sales Retail 52