Floorplan Marketing 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. “Despite significant efforts to do so, we ultimately were unable to raise the necessary capital in the current market. Times have been tough for online used car retailers, in general.
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Auto Remarketing
OCTOBER 22, 2024
Sending a full-size truck to auction appears to be as much of a heartburn-triggering situation for franchised dealers as seeing that new model sitting in inventory and on the store floorplan for 100 days or more. Well, Black Book said on Tuesday that the estimated used retail days to turn is now at roughly 57 days.
CarExpert
MAY 15, 2024
We’re not exactly looking to be coming into the market with a very, very aspirational target,” said Mr Lau. “In He said there’s an increasing appetite from GAC to tackle the Australian market, with a renewed focus from head office on right-hand drive production. This includes building a plant in Thailand to build Aion EVs.
Auto Remarketing
MARCH 27, 2024
The Q4 Haig Report , which tracks trends in auto retail and their impacts on dealership values, showed 528 dealerships changed hands in 2023 — the third-highest annual volume on record, but down from a record 707 in 2021 and 566 in 2022. Sharply rising inventories and floorplan expense are pushing down profits at most stores.
Full Path
JULY 30, 2024
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. The current market demands agility and the ability to adapt to changes.
Auto Remarketing
OCTOBER 6, 2023
New-car purchases now were only for the affluent, and that middle class folks are priced out of the market for new vehicles — not just for EVs, all new vehicles. automotive retailers. A long time ago, an automotive retailer sold vehicles. With the average price of a new car over $48,000 now, it’s hard to argue that fact.
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