Finance Floorplan Retail 
Automotive Addicts
JANUARY 22, 2024
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. Despite concerted efforts, the company faced difficulties raising the necessary capital in the current market environment.
Carscoops
JANUARY 23, 2024
If you were thinking about pulling the trigger on a used car through online retailer Vroom, we’ve got bad news: you missed your shot. Times have been tough for online used car retailers, in general. The company announced today that it is suspending all transactions through vroom.com, and laying off around 90 percent of its staff.
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Full Path
JULY 30, 2024
As we moved into July, there were signs of recovery in the retail vehicle market. For dealerships, Higher inventories and rising floorplan costs are eating into profit margins, creating a challenging environment for automotive retailers. By clearing out excess stock through leases, dealerships can lower their floorplan expenses.
Canadian Auto Dealer
NOVEMBER 4, 2024
Some dealers are branching into other business areas to spread out their risk and reap new rewards S ome auto dealers are transforming into retailers who also happen to sell vehicles. There are also some dealerships that have developed businesses that are not directly related to auto retailing.
Auto Remarketing
MAY 20, 2024
You know how your dealership fits into the larger automobile retail industry. It was the dealer voice that led to the revocation of the Consumer Financial Protection Bureau’s flawed guidance on dealer-assisted financing. You know your business’s impact on your employees, on the economy and on your community. They need to hear from you.
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