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.
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.
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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