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.
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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.
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.
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.
Dealer World
MARCH 17, 2025
Strong franchises thrived on low inventories and sustained high gross profit margins, while weaker franchises struggled with ballooning inventories, rising floorplan costs, and falling gross profits. This divergence created a marketplace of winners and losers, clearly reflected in days supply of vehicles.
Expert insights. Personalized for you.
98 
Let's personalize your content