Automotive Addicts

JANUARY 22, 2024

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. Despite concerted efforts, the company faced difficulties raising the necessary capital in the current market environment.

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Full Path

JULY 30, 2024

Explore 2024 automotive market and leasing trends, with strategies for dealerships to navigate economic pressures and boost profitability. As we moved into July, there were signs of recovery in the retail vehicle market. Solutions for Dealerships Many dealers ask how they can help customers while maintaining profitability.

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Carscoops

JANUARY 23, 2024

Customers who have already signed a contract to buy or sell a vehicle should reach out to Vroom’s support team at (855)-524-1300. “Despite significant efforts to do so, we ultimately were unable to raise the necessary capital in the current market. . Obviously, we are very disappointed with this outcome.”

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Floorplan Retail Sales Finance 120

AutoSuccessOnline

MARCH 12, 2024

Cox Automotive expects small gains in the used-vehicle market, despite limited availability. 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.

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Floorplan Deal Customer Automotive 52

CarExpert

MAY 15, 2024

We’re not exactly looking to be coming into the market with a very, very aspirational target,” said Mr Lau. “In He said there’s an increasing appetite from GAC to tackle the Australian market, with a renewed focus from head office on right-hand drive production. This includes building a plant in Thailand to build Aion EVs.

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Sales Floorplan Networking Customer 111

Auto Remarketing

OCTOBER 6, 2023

New-car purchases now were only for the affluent, and that middle class folks are priced out of the market for new vehicles — not just for EVs, all new vehicles. 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.

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Term Floorplan Sales Retail 52