🌟 [ 57 ] Car Dealers SCREWED Buyers, Now Theyre GOING OUT OF BUSINESS [ @CarEdge ]
Auto Finance News Article: [ 🔗 Click ‼️ ] Get some FREE car-buying knowledge with our guides: [ 🔗 Click ‼️ ] Join the CarEdge Community: [ 🔗 Click ‼️ ] Get educated on buying a car with CarEdge s Deal School 3.0: [ 🔗 Click ‼️ ] CarEdge Podcast: Daily News You Can Use Spotify: [ 🔗 Click ‼️ ] Apple: [ 🔗 Click ‼️ ] Instagram [ 🔗 Click ‼️ ] TikTok [ 🔗 Click ‼️ ] Check out CarEdge merch: [ 🔗 Click ‼️ ] For years, dealers have used floorplans to finance the vehicles on their lots. This used to be a cost center, incentivizing dealers to sell their cars at a steady clip. During COVID, when inventories fell off a cliff, floorplans became a PROFIT center, making the public dealership groups millions. Now, Ray and Zach examine a turning point: as inventories rise and interest rates skyrocket, floorplan costs are increasing once again. Will this force dealers to lower prices and turn their inventory faster?
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