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. Both entities will continue to serve their third-party customers and focus on growth in their respective domains.

Retail 110

Retail Floorplan Finance Automotive 110

Carscoops

JANUARY 23, 2024

If you were thinking about pulling the trigger on a used car through online retailer Vroom, we’ve got bad news: you missed your shot. 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.

Floorplan 120

Floorplan Retail Sales Finance 120

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. Well, Black Book said on Tuesday that the estimated used retail days to turn is now at roughly 57 days.

Floorplan 97

Floorplan Rebate Retail Automotive 97

Full Path

JULY 30, 2024

As we moved into July, there were signs of recovery in the retail vehicle market. For dealerships, Higher inventories and rising floorplan costs are eating into profit margins, creating a challenging environment for automotive retailers. This approach offers added convenience and control, appealing to tech-savvy customers.

Dealerships 52

Dealerships Floorplan Down Payment Insurance 52

Canadian Auto Dealer

NOVEMBER 4, 2024

Some dealers are branching into other business areas to spread out their risk and reap new rewards S ome auto dealers are transforming into retailers who also happen to sell vehicles. We should have them and stock them and know how to counsel our customers on best uses and best practices.” Why should they go somewhere else to buy them?

Dealerships 52

Dealerships Retail Finance Floorplan 52

Auto Remarketing

OCTOBER 6, 2023

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. automotive retailers. A long time ago, an automotive retailer sold vehicles. First, the research.

Term 52

Term Floorplan Sales Retail 52

CarExpert

MAY 15, 2024

Aion V “We’ve kept all of our options open, however the one that does stand out to us at the moment is the hybrid agency model,” said Mr Lau, confirming the company wants to have more control over how vehicles are sold to ensure a consistent – and excellent – customer experience. To ensure we do that, it has to be a two-way street.

Sales 111

Sales Floorplan Networking Dealerships 111