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Average flooring time dips for independent dealers

NextGear Capital began offering deferred payments on Manheim purchases this month

Joey Pizzolato

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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