08-03-2009, 01:49 PM | #1 |
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Floorplan Check
With dealers pumping out this many cars and funds slow to come in FLOORPLAN CHECKS could get real SCARY at some places I bet as tight as things are.
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08-03-2009, 02:17 PM | #2 |
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very true one reason we are not doing the cash for clunkers,gm is very slow on paying incentives right now at lest 3 weeks
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08-03-2009, 02:22 PM | #3 |
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Do the checks seem to be as frequent since CFC is gone, and companies are out from BK?
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08-03-2009, 03:00 PM | #4 |
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Possum, I cannot say as for CFC as we have always been with a Local Bank once a month or sometimes every other month. I will say since the BK Chrysler has been alot better about paying rebates and warranty claims.
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08-03-2009, 03:14 PM | #5 |
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Same here - most of our current inventory is floored with the local bank. Nothing left with CFC, and only the few transferred in from other dealers is with GMAC. No GMAC floorplan check yet.
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08-04-2009, 10:16 AM | #6 | |
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Quote:
On the other hand, it probably won't take too long for the reps to complete the audits at most stores since there are hardly any vehicles left. |
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