Automotive Addicts

JANUARY 22, 2024

Vroom is set to wind down its used vehicle dealership business and focus on other key assets within its portfolio. Vroom’s move comes as a response to challenges in securing additional capital for its operations, particularly in extending the vehicle floorplan facility beyond its current expiration date of March 31, 2024.

Retail 110

Retail Floorplan Finance Automotive 110

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.

Dealerships 52

Dealerships Floorplan Down Payment Insurance 52

CarExpert

MAY 15, 2024

GAC] also understand the difficulties of trying to launch a brand with just one model, when it’s not really sufficient to sustain a dealership network.” This would see dealers sign up for a GAC franchise but not have to buy the stock, while customers would pay the same price whichever GAC dealership they go to. “I

Sales 111

Sales Floorplan Networking Dealerships 111

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. In some states like California, customers can even digitally sign. With electronic reg and title, the “documents” to be sent to the DMV are completed online.

Electronics 52

Electronics Dealerships Floorplan Customer 52

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. We should have them and stock them and know how to counsel our customers on best uses and best practices.” You have to do your research.

Dealerships 52

Dealerships Retail Floorplan Finance 52

AutoSuccessOnline

MARCH 12, 2024

You are being evaluated just the same as you assess your customers. 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

OCTOBER 6, 2023

dealerships will be coming soon. it’s clear that the mainstream EVs and PHEVs coming onstream (100 new models in the next 30 months) are going to have a tough time selling even with generous customer incentives. Some automotive retailers are testing the waters right now before inventory grows into a substantial floorplan expense.

Term 52

Term Floorplan Sales Retail 52