Tag: floorplan financing

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’ ...

Fifth Third and Capital One are exiting floorplan lending as banks continue to reassess business lines in the face of ...

Floorplan interest expense increased at publicly traded auto retailers with three retailers tallying triple-digit year-over-year increases, while finance and insurance ...

First Business Specialty Finance, a subsidiary of First Business Bank, is funding a $5.5 million floorplan line of credit with ...

Each month, the Auto Finance News team dives deeply into topics currently affecting the auto finance industry. This year was ...

Artificial intelligence-based auto lender Lendbuzz has secured a fresh credit facility with Regions Bank to expand its consumer loan portfolio ...

Auto lenders have been granted a reprieve from new commercial financing disclosure laws coming down the pipe into early 2023.  ...