Customer Floorplan Marketing 
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.”
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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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. One other note from the wholesale market. Data from Black Book, Cox Automotive and J.D.
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.
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.
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.
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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