U.S. Congresswoman Candice Miller (R-Mich.) and National Automobile Dealers Association (NADA) chairman John McEleney have undertaken separate campaigns to extend a program designed to provide floorplanning credit to Chrysler dealerships.
The National Automobile Dealers Association has urged the U.S. Small Business Administration to expand loan amounts and guaranties under the Dealer Floor Plan Pilot Initiative, which launched in July and will continue through September 2010.
GE Capital’s Commercial Distribution Finance is now the exclusive provider of floorplan financing for Arctic Cat Inc.’s United States dealers.
The U.S. Small Business Administration (SBA) has announced a Dealer Floor Plan (DFP) financing pilot program under the SBA 7(a) loan program for qualifying small businesses including new and used motorcycle, automobile, RV, manufactured home, and boat dealerships.
Alliance Inspection Management Inc. (AiM) struck an agreement with Ford Motor Credit Company to takeover floorplan audits at dealerships with wholesale financing from the captive lender. The vehicle inspection company will also conduct lease-end inspections of vehicles financed by the captive finance company.
General Motors Corp. (GM)’s filing for Chapter 11 bankruptcy protection is expected to have limited immediate ratings implications on outstanding auto related ABS transactions issued by GMAC, according to Fitch Ratings.
The American Financial Services Association presented a letter today to the U.S. Treasury Department and the Obama administration’s Auto Task Force that provided recommendations for increasing participation in TALF.
John McEleney, chairman of the National Automobile Dealers Association, announced his support last week for recent changes to SBA 7(a), a Small Business Administration loan-guarantee program.
The Chairman of the National Automobile Dealers Association (NADA) acknowledged President Obama’s commitment to helping the domestic auto industry, but urged his administration to focus on correcting the dysfunctional credit markets.
Dealers have helped tell the story of Chrysler, Ford and General Motors, but who's telling their story? One dealer is, and he needs your help. Find out what you can do.
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