Average flooring time dips for independent dealers
NextGear Capital began offering deferred payments on Manheim purchases this month
Independent dealers with floorplan lines of credit through NextGear Capital are logging a decrease in the average time that vehicles are floored as cars fly off the lot amid squeezed inventories. Average time on floorplan is about 58 days, down from pre-pandemic levels of around 75 days, NextGear Capital President Scott Maybee told Auto Finance […]
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