Floorplan Related Topics 
Auto Remarketing
MAY 5, 2025
Between the rising cost of inflation, high interest rates squeezing consumers and floorplanning, and the on-again/off-again tariffs, everything is pricier. Its not just you. Everything is getting more expensive. The Consumer Price Index has risen 21.7% since February 2020, with transportation rising by over 34%.
AutoSuccessOnline
MAY 1, 2025
Holding cost is the normal accumulation of sales overhead expenses that erode margin: floorplan costs, insurance and taxes. Run the math to scare yourself: Holding cost is a major contributor to margin squeeze. The smart way to manage holding cost expense is to fine-tune recon to a three-to-five-day time to line.
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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
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.
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.
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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