Tag: Jonathan Collegio

Dealerships 101: What is Auto “Floor Plan” Lending?

Many consumers who purchase new cars or trucks from local dealerships may not realize that the dealership actually owns those cars and trucks, which they purchase directly from the factories. So how are dealerships able to afford keeping an inventory of all of those new cars and trucks on their lots? 

Auto Dealers Announce Nationwide Initiative at Centennial Celebration

It’s day three of the auto industry event of the year, the NADA Convention & Expo in New Orleans, where America’s new-car and -truck dealers are celebrating the 100th anniversary of NADA and of the industry as a whole.