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Need to Exchange Aged Inventory? Build a Local Dealer Network

February 2, 2017

Aged inventory is a big issue for many auto dealers. Vehicles are depreciating assets, and if they remain on a dealer’s...

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Automotive Floor Plan Management Best Practices

January 26, 2017

Once a dealer is cleared to use an automotive floor plan, they instantly have access to more capital to aid in purchasing...

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Auto Floor Plans vs Cash: What Cash Buyers Lose When Buying Inventory

January 19, 2017

Every dealer has a preference on what type of capital they use to purchase inventory. Each dealer has the choice to use...

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Basic Factors That Can Make or Break Used Car Dealership Success

January 12, 2017

Drawing customers to your used car dealership and keeping them engaged relies on a number of factors. How effective were your marketing...

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Tax Time Dealer Inventory Tips from Joe Lescota

January 4, 2017

While consumers are eagerly awaiting tax refunds, dealers are watching wholesale prices and preparing for one of their busiest seasons. In a...

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Seasonal Wholesale Prices Drive Dealers to Stock Up

December 15, 2016

NextGear Capital and Manheim Offerings Compel Clients to Maximize Floor Plan Purchasing Power Savvy dealers tracking seasonal wholesale prices and...

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Developing An Exit Strategy for Aged Used Inventory

December 8, 2016

After buying a vehicle at auction, do you ever think to yourself, “What am I going to do with this unit if...

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Three Floor Plan Finance Formulas Every Dealer Should Know

November 30, 2016

Owning and operating a profitable dealership with efficient cash flow all comes down to balancing that cash flow with current inventory.

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How an Auto Dealer Can Encourage Customers to Re-Purchase

November 11, 2016

If you’ve had a good experience shopping somewhere, you are more likely to go shop there again. According to an...

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Knowing Your Market Is Key to Stocking The Right Inventory

November 2, 2016

It’s easy to buy inventory. With enough credit, a dealer could fill his whole lot with vehicles. However, buying the right inventory...

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