Tag: floorplan financing

Rising floorplan interest rates and increased expenses are chipping away at dealer floorplan profit generated by pandemic-induced assistance from lenders.  ...

Financial technology company Sopra Banking Software has expanded the capabilities of its floorplan financing software-as-a-service in the United States as ...

Lithia Motors showed declining finance and insurance revenue while nearly doubling its floorplan interest expenses quarter over quarter.  Finance and ...

Strong buyer demand for dealerships and an uptick in consolidation may lead to fewer opportunities for floorplan lenders.  The dealership ...

Floorplan use remains unchanged for independent dealerships amid low inventory but has increased for franchise dealers due to growing new-vehicle ...

Dealers’ profitability declined in the first quarter as floorplan interest rates climbed and inventory improved, but dealers continued to pay ...

Lithia Motors’ floorplan interest expense soared in the first quarter as the retailer group’s acquisition activity picked up steam.   ...

A shift toward dealership consolidation is likely to contribute to an uptick in acquisition financing and growth in floorplan lenders’ ...