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 Customer 110

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. As we moved into July, there were signs of recovery in the retail vehicle market.

Dealerships 52

Dealerships Floorplan 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.

Dealerships 59

Dealerships Floorplan Retail Buyer 59

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.

Floorplan 98

Floorplan Dealerships Consulting Finance 98

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 Customer 111

Auto Remarketing

OCTOBER 6, 2023

dealerships will be coming soon. automotive retailers. A long time ago, an automotive retailer sold vehicles. Then about thirty years ago consumer leasing entered the picture, which made vehicles affordable for a whole new group of buyers and developed into a substantial percentage of retail “sales.” First, the research.

Term 52

Term Floorplan Sales Retail 52