OEMs plan to keep prices steady as tariffs set in
Automakers are keeping prices steady for now as tariffs take effect. Dealerships know pricing will get less competitive as long-term ...
Tag: First Business Bank
Floorplan lenders see boost as banks pull back
Independent dealership floorplan financing providers First Business Bank and NextGear Capital’s floorplan financing portfolios have grown year to date as ...
Floorplan shuffle: Lenders bolster portfolios amid market opportunity
Floorplan financing is growing for some lenders even as others step back amid elevated interest rates on the heels of ...
Market volatility compresses independent dealer margins
Volatile market conditions are squeezing independent dealers’ profit margins amid high interest rates, low used inventory and the inflation-spurred higher ...
First Business extends $5.5M floorplan credit line to South Carolina dealer
First Business Specialty Finance, a subsidiary of First Business Bank, is funding a $5.5 million floorplan line of credit with ...
CarMax names EVP and other staff moves
Charles Joseph Wilson named EVP and COO at Carmax Used-car retailer CarMax announced last month that Charles Joseph Wilson is ...
First Business funds $10M floorplan facility for Florida dealership
First Business Specialty Finance, a subsidiary of First Business Bank, has extended a $10 million floorplan line of credit to ...
