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.

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Floorplan Rebate Retail Automotive 98

AutoSuccessOnline

MARCH 12, 2024

Cox Automotive expects small gains in the used-vehicle market, despite limited availability. 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. Price vehicles based on market value and not how much you have in the unit.

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Floorplan Deal Automotive Dealerships 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 Deal 59

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. Likewise, if the RV market goes down, we have automotive. Earlier this year, it entered into the grocery store / restaurant business with the launch of L’OCA Quality Market.

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Dealerships Floorplan Retail Finance 52