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NextGear Capital Offers Tips for Independent Dealer Success in 2024

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.

Floorplan 52
Floorplan Deal Customer Automotive 52
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Haig: Dealerships remain hot properties even as profits and values decline

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.

Dealerships 59
Dealerships Floorplan Retail Buyer 59
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