News

News

What is Floorplanning?

September 19, 2018

Often confused with building layouts, a “floor plan” is essentially a short term loan that car dealers can use to stock vehicles...

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Inventory Tips for Dealers with Car Floor Plans

September 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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Floor Plan Financing for Used Car Dealers

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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Managing Cash Flow with Dealership Floor Plans

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...

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Used Car Dealer Floorplan Financing Fundamentals

August 23, 2018

A used car dealer floorplan financing partner will often give dealers the cash flow infusion they need to take their...

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Improve Cash Flow with Independent Dealer Financing

August 16, 2018

Many auto dealers understand the need to buy the right inventory at the right price, and the need to turn inventory...

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NextGear Capital, St. Jude Children’s Research Hospital Partner for Inaugural National Charity Week

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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How Independent Dealers Can Fight Shrinking Margins

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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Cash vs. an Auto Floorplan

August 2, 2018

For dealers that purchase inventory with cash, dealership cash flow primarily hinges on a dealer’s ability to sell vehicles for more...

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Source Smart, Buy Local with Manheim Express

July 25, 2018

Experienced dealers accept that in order to keep business going, they need a stable stream of inventory to keep their lots...

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