COMMENTARY: 9 places where dealers can find cost savings & margin preservation
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OCTOBER 2, 2024
Inventory Management —Flooring plan management: A dealer’s flooring costs are one of the highest line-item costs on the P&L. In fact, more inventory being carried on the books longer has two cost elements, one being the cost of interest, insurance, and flooring fees, and the second being the effect, namely higher depreciation.
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