Floorplan Related Topics 
Carscoops
JANUARY 23, 2024
“As we previously disclosed, we intended to raise additional capital to fund our operations and support the extension of our vehicle floorplan facility beyond its current expiration date of March 31, 2024,” said Thomas Shortt, Vroom’s CEO.
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.
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Carscoops
AUGUST 5, 2024
This setup also means the batteries can be positioned in the middle of the chassis, allowing a lower floorplan and a lower driving position than an EV with a skateboard architecture. “The physical size shrinking, and inevitably the mass coming down, allows you to go back to the core values,” he said of solid-state cells.
Carscoops
MARCH 24, 2024
Other dealers are also working to get rid of older vehicles, as concerns about floorplan costs and an inability to market newer vehicles mount. The result of this perfect storm is that about 40 percent of the vehicles that Poulos sold in February 2024 were from the 2023 model year.
Carscoops
MAY 21, 2024
These changes aim to simplify and reduce complexity in various business aspects, such as floorplan assistance and Ford Credit policies. .” Beyond the EV program, Ford plans to implement immediate, near-term, and long-term changes in response to dealer feedback.
Autocar
MARCH 20, 2024
Measuring 4520mm long and 1908mm wide, it takes up about as much road as a Hyundai Tucson but is substantially taller at 1800mm, which, with a unique slimline battery packaged just behind the front seats rather than across the floorplan, allows a much higher ceiling than is allowed in conventional EVs of this size.
Auto Remarketing
MAY 20, 2024
It was the voice of the dealer that kept 100% deductibility of floorplan interest expenses in the Tax Cuts and Jobs Act. It was the voice of the dealer that led Congress to revoke the CFPB’s ill-conceived, anti-consumer arbitration rule. It was the voice of the dealer that helped defeat overreaching buy here-pay here legislation in Oregon.
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