Carscoops

MAY 21, 2024

Ford dealerships across America have been asked to pause their EV investments as the company makes last-minute changes to its electric vehicle certification program. One concern raised was the heavy investment that the Blue Oval requires for dealerships to sell EVs, with some having to cough up $500,000 for training and equipment.

Floorplan 116

Floorplan Term Dealerships Marketing 116

Automotive Addicts

JANUARY 22, 2024

Vroom is set to wind down its used vehicle dealership business and focus on other key assets within its portfolio. Vroom’s move comes as a response to challenges in securing additional capital for its operations, particularly in extending the vehicle floorplan facility beyond its current expiration date of March 31, 2024.

Retail 110

Retail Floorplan Finance Automotive 110

Auto Remarketing

MAY 20, 2024

What does that mean to the dealership? You know the day-to-day challenges dealerships face. You know how your dealership fits into the larger automobile retail industry. You know how your dealership fits into the larger automobile retail industry. Why is that important? You know your business. They need to hear from you.

Floorplan 98

Floorplan Retail Finance Dealerships 98

Full Path

JULY 30, 2024

In today’s automotive landscape, consumers and dealerships are caught in a complex web of economic pressures. Explore 2024 automotive market and leasing trends, with strategies for dealerships to navigate economic pressures and boost profitability. This flexibility can make leasing more attractive to a broader range of consumers.

Floorplan 52

Floorplan Dealerships Down Payment Insurance 52

Auto Remarketing

MARCH 27, 2024

While demand for dealerships remained strong in the fourth quarter of 2023, dealership profits and blue sky values fell significantly year-over-year, according to research from Haig Partners. Sharply rising inventories and floorplan expense are pushing down profits at most stores. million in 2023,” Haig said.

Floorplan 59

Floorplan Retail Dealerships Deal 59

CarExpert

MAY 15, 2024

GAC] also understand the difficulties of trying to launch a brand with just one model, when it’s not really sufficient to sustain a dealership network.” This would see dealers sign up for a GAC franchise but not have to buy the stock, while customers would pay the same price whichever GAC dealership they go to. “I

Sales 111

Sales Floorplan Networking Retail 111

DealerTrack Insights

JUNE 9, 2022

As more and more state motor vehicle divisions adopt electronic registration and titling, dealerships find themselves overhauling their back-office processes to keep up. All of that equals less paper, less fumbling for pens, and a more streamlined process for the dealership and the car buyer.

Electronics 52

Electronics Floorplan Dealerships Deal 52