Lithia Motors F&I revenue down 2% YoY in Q2
Lithia Motors showed declining finance and insurance revenue while nearly doubling its floorplan interest expenses quarter over quarter. Finance and ...
Tag: floorplan financing
Large banks poised to nab floorplan share amid dealer consolidation
Strong buyer demand for dealerships and an uptick in consolidation may lead to fewer opportunities for floorplan lenders. The dealership ...
Independent dealer floorplan use remains steady
Floorplan use remains unchanged for independent dealerships amid low inventory but has increased for franchise dealers due to growing new-vehicle ...
Dealer floorplan interest income falls 67% YoY
Dealers’ profitability declined in the first quarter as floorplan interest rates climbed and inventory improved, but dealers continued to pay ...
Lithia floorplan interest expense up 465%
Lithia Motors’ floorplan interest expense soared in the first quarter as the retailer group’s acquisition activity picked up steam. ...
Dealership consolidation boosts acquisition financing
A shift toward dealership consolidation is likely to contribute to an uptick in acquisition financing and growth in floorplan lenders’ ...
Fifth Third, Capital One exit floorplan lending in commercial realignment
Fifth Third and Capital One are exiting floorplan lending as banks continue to reassess business lines in the face of ...
Retailers see triple-digit increase in floorplan expense
Floorplan interest expense increased at publicly traded auto retailers with three retailers tallying triple-digit year-over-year increases, while finance and insurance ...
