Why floorplanning can be a profit center or cost for dealers
Floorplanning, which is the financing surrounding the car dealer’s wholesale vehicle purchase, is expected to flip to become a cost for dealers this year, as opposed to a profit.
Tesla's U.S. growth cools, EV share falls
Tesla’s red-hot sales growth last year cooled in the first two months of 2023, and its share of the EV market fell from to 58 percent from 72 percent despite U.S. price cuts.
Obituary: Former Hendrick CEO Edward Brown III dies at 74
In 2010, banking executive Brown came out of retirement to become CFO for Hendrick.
Capital One exits floorplan lending business
Capital One decided to exit floorplan lending on March 29, but will stay in the auto finance business.
Union opposes driverless trucks exemption for Waymo, Aurora
A major transport union opposed a request filed by Alphabet’s self-driving unit Waymo and autonomous driving technology company Aurora for an exemption from rules on warning devices for large semi-trucks, citing safety issues.