Wells Fargo commercial book grows, floorplan utilization dips amid tariffs
Floorplan financing has slowed in recent months following an uptick earlier this year amid higher inventories prior to impending tariffs ...
Tag: floorplan financing
Podcast: Floorplan finance fraud on the rise; CUs lean into auto
As fraudulent activity picks up across the automotive industry, floorplan financiers are also seeing an uptick in dealers disappearing with ...
Floorplan financiers report rise in dealer fraud
Floorplan financiers are facing an increase in fraudulent activity alongside an uptick in risky behavior and poor performance by dealerships. ...
NextGear Capital salvage, heavy-duty truck portfolios grow 51%
Independent dealer floorplan financing provider NextGear Capital’s salvage and heavy-duty truck businesses have gained steam as floorplan lenders saw growth ...
Westlake Flooring Services portfolio up 20%
Floorplan lenders saw a rise in volume in the first half of the year amid strong sales, but some are ...
Used-vehicle floorplan to see uptick ahead of tariffs
Used-vehicle floorplan financing could gain from tariff-induced tailwinds as dealerships prepare to shrink inventory. Floorplan lender NextGear Capital will benefit ...
Wells Fargo, Westlake roll out floorplan benefits
Commercial auto lenders are offering benefits to dealers who use them for floorplan financing as inventory builds and costs rise. ...
NextGear extends flexible floorplan pricing
Floorplan financing provider NextGear Capital is expanding its flex pricing program to include vehicles beyond those purchased at Manheim auctions ...
