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.

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Floorplan Sales Marketing 119

AutoSuccessOnline

JANUARY 31, 2025

The PL-6000DCX comes with a detailed manual, complete with floorplan and foundation drawings, for straightforward installation. The lift operates via gravity-driven lowering, which means less electric motor consumption for significantly reducing operating costs.

Floorplan 52

Floorplan Term Automotive Customer 52

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. Data from Black Book, Cox Automotive and J.D.

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Floorplan Rebate Retail Deal 98

CarExpert

MAY 15, 2024

I think it does help with a lot of dealers, currently on the traditional model whereby their floorplan and inventory costs have now gone through the roof,” said Mr Lau. 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

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Sales Floorplan Networking Retail 111

AutoSuccessOnline

MARCH 12, 2024

Be aware of how much credit you have — especially if you have multiple floorplan lenders — and stay away from hard money lenders who drain a dealer’s cash flow daily. Stay informed about software options for managing your floorplan. You are being evaluated just the same as you assess your customers. These tools are constantly evolving.

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Floorplan Deal Automotive Customer 52

Full Path

JULY 30, 2024

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.

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Floorplan Down Payment Insurance Dealerships 52

Drive.com

JULY 28, 2024

That would leave dealers paying significant floorplan interest costs. “We are incredibly concerned that allowing OEMs to comply with the NVES at the point of import will put dealers at particular risk,” said CEO James Voortman. “In

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Floorplan Manufacturing Networking Finance 76

AutoSuccessOnline

FEBRUARY 14, 2025

Its short columns offer lower product, installation and maintenance costs than full-size two-post lifts, as well as a cleaner floorplan with better sightlines. The 12AP-SRT is also an option for shops with low ceilings.

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Floorplan Retail Development Automotive 52

Auto Remarketing

MARCH 27, 2024

Sharply rising inventories and floorplan expense are pushing down profits at most stores. “We are seeing mixed trends in auto retail today, which are pushing down dealership profits and dealership values,” Haig Partners president Alan Haig said.

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Floorplan Retail Dealerships Deal 59

DealerTrack Insights

JUNE 9, 2022

That’s what it costs you in overhead, floorplan and interest just to have a vehicle sitting idle – and those costs erode your profit margin and affect your bottom line. More than just a parking spot According to an NCM Associates Group Study in 2019, it costs your dealership an average of $37 in holding costs per day, per vehicle on your lot.

Electronics 52

Electronics Floorplan Dealerships Deal 52

AutoSuccessOnline

OCTOBER 16, 2024

Maximum Bidder Engagement All auction prices on DealerClub start at $0, maximizing bidding engagement.

Automotive 52

Automotive Floorplan Buyer Deal 52

Auto Remarketing

OCTOBER 6, 2023

Some automotive retailers are testing the waters right now before inventory grows into a substantial floorplan expense. Could subscriptions/micro-leases be the next wave, the nascent third “sales” channel for dealers to make EVs and ICE vehicles affordable for a new generation of “buyers?”

Term 52

Term Floorplan Retail Sales 52

Canadian Auto Dealer

NOVEMBER 4, 2024

We went in and adopted a lot of the car business side to their business, everything from financing, structure, accountabilities, floorplans, banking systems, everything. I grew up on a lake and getting into the boat business was just an opportunity that we saw and thought we could make money. Wizard Lake Marine was profitable.

Dealerships 52

Dealerships Floorplan Retail Finance 52

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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Floorplan Retail Finance Dealerships 98

Dealer World

MARCH 17, 2025

Strong franchises thrived on low inventories and sustained high gross profit margins, while weaker franchises struggled with ballooning inventories, rising floorplan costs, and falling gross profits. This divergence created a marketplace of winners and losers, clearly reflected in days supply of vehicles.

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Retail Dealerships Marketing Floorplan 75

Carscoops

FEBRUARY 26, 2025

The company is considering offering more dealer cash to close sales, and in the last quarter of 2024, the automaker reworked the dealer margin structure to offset higher floorplan costs, added trade-in assistance rebates, and boosted volume bonus payments while lowering monthly sales targets. But is it enough?

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Floorplan Sales Rebate Retail 72