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. Data from Black Book, Cox Automotive and J.D.

Floorplan 98

Floorplan Rebate Retail Automotive 98

AutoSuccessOnline

MARCH 12, 2024

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. NextGear Capital can help you close more deals and accept more trades while maintaining your cash reserves and keeping your focus on selling cars.

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Floorplan Deal Automotive Customer 52

Auto Remarketing

MARCH 27, 2024

Al Hendrickson Toyota sold for the highest price ever paid for a dealership of any kind at the time, and Lake Norman Chrysler-Dodge-Jeep-RAM set the record for a Stellantis store, according to Haig Partners, which advised on both deals. Sharply rising inventories and floorplan expense are pushing down profits at most stores.

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Floorplan Dealerships Retail Buyer 59

DealerTrack Insights

JUNE 9, 2022

Electronic reg and title enables you to submit transactions online directly to the DMV with much of the customer and vehicle information coming directly from earlier stages of the deal process via integration with the DMS. Now multiply that by the average number of cars you sell each year.

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Electronics Floorplan Dealerships Deal 52

AutoSuccessOnline

OCTOBER 16, 2024

Sellers, meanwhile, benefit from increased bidder confidence in their vehicles as their rating increases, bringing in additional deals at higher values, creating additional selling success and unlocking further economic incentives. Maximum Bidder Engagement All auction prices on DealerClub start at $0, maximizing bidding engagement.

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Automotive Floorplan Buyer Deal 52

Canadian Auto Dealer

NOVEMBER 4, 2024

In 2021, it added to its holdings with a powersport marina when it acquired Sudbury Yamaha in a package deal that also included Sudbury Mitsubishi. We went in and adopted a lot of the car business side to their business, everything from financing, structure, accountabilities, floorplans, banking systems, everything.

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Dealerships Floorplan Retail Finance 52