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ROINews
October 11, 2018
Audits can be an inconvenient, but necessary part of having a floor plan line of credit. In the near...
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October 4, 2018
Though there are significant differences between retail and wholesale dealer business models, the fact remains that both types of dealers have...
Read MoreSeptember 19, 2018
Often confused with building layouts, a “floor plan” is essentially a short term loan that car dealers can use to stock vehicles...
Read MoreSeptember 13, 2018
Using a car floor plan is one of the simplest means for a dealer to access additional capital to purchase inventory.
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September 6, 2018
Dealerships rely on a constant stream of inventory to stock their lots. Though dealership savings can be used to purchase inventory,...
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August 30, 2018
Dealership profitability is often guided by a dealer’s ability to balance vehicle acquisition costs, dealership turn times, holding costs and any additional...
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August 23, 2018
A used car dealer floorplan financing partner will often give dealers the cash flow infusion they need to take their dealership...
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August 16, 2018
Shrinking margins put increasing pressure on dealers to buy in-demand vehicles at reasonable prices, and sell inventory faster than ever. Some...
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August 10, 2018
NextGear Capital and St. Jude Children’s Research Hospital are rolling out a first-of-its-kind charitable promotion the week of Monday, Aug. 13. The...
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August 9, 2018
The rising costs of acquiring inventory mean compressed margins for dealers, and an increased focus on methods to improve profits. For...
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