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Strategies & Market Trends : Charts & Scans

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To: rogermci® who wrote (5045)	4/27/2009 3:47:35 PM
From: robert b furman	of 5125

Hi Roger, I floor with a nationwide independent depository bank. All floor plan arrangements have curtailoment and maturity payment plans. Some enforce them and others do not. I've heard that if a manufacturer goes BK some floorplan sources demand 10%.I'VE NOT CONFIRMED THAT. I have several friends who have had their flooring pulled. If you have assets and can meet a banks covenants it is possible to switch. Almost all banks have increased the cost of flooring (interest rates). Most dealers have a 8-10 month supply of new.Most dealers have also cut back on orders - let's face more inventory that is stagnant won't help move anything. New Camaro is due in tomorrow and big launch due out Wednesday May 6th. It will be exciting. Used vehicles are what is working now! Bob

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