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. When I was a Chevy dealership manager, I stumbled upon that answer. Its not just you. Everything is getting more expensive. The Consumer Price Index has risen 21.7%
AutoSuccessOnline
MAY 1, 2025
How that process is managed determines how strongly reconditioning helps push back the margin compression clouding your profitability horizon. Holding cost is the normal accumulation of sales overhead expenses that erode margin: floorplan costs, insurance and taxes.
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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.
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. Leveraging Digital Platforms: Utilize technology to streamline the leasing process, especially for generations that prefer managing their payments online.
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.
Drive.com
JULY 28, 2024
An OEM would say, ‘oh, we don’t make them take them’, but if you [a dealer] get a phone call from your zone manager and he says, ‘mate, I need you to take a hundred of these or 50 or 20 and you’ve already got a bunch of them’ there’s not much you can do – there is pressure, it just exists. “We
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