Matthew DeSantis, an Associate with Haig Partners, shared with Automotive News that quick inventory turn is increasingly important for dealers. He also shared that Ford Motor Co. changed the amount of floorplan credits dealers receive by switching to a model that covers costs for up to 75 days based on actual days in inventory, noting that this will affect the floorplan assistance dealers receive from Ford depending on how long the vehicle is on the lot.
“Historically, dealers received a floorplan credit no matter how long a vehicle sat on the lot,” DeSantis said. “It remains to be seen if other automakers will change their model.”
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