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Used Vehicle Floorplan

Department:

Business Office

Used Vehicle Floorplan

$

Calculation

Total amount of floorplan financing for used vehicles.

DESCRIPTION

The total amount of floorplan financing used for used vehicles.

Purpose

To gauge the level of debt used to finance the used vehicle inventory.

Interpretation

Did you get it right

Optimal:
A lower floorplan amount suggests prudent financial management in the used pre-owned vehicle department.
Alert:
A high floorplan amount could indicate overinvestment or inefficiencies in inventory turnover.
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06/15/2024 04:38:26 am