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

To: rogermci® who wrote (5045)	4/30/2009 8:04:28 AM
From: robert b furman	Read Replies (1) \| Respond to of 5125

Hi Rog, BIG Problem for many/most. Fear of losing flooring could be devastating. We floor with Chase - they have been a rock. I know several dealers who have been called and told by their bank - "We're getting out of the floor plan business - you need to find someone else". Unbelievable that a bank would drop a dealer in the grease like that - but it happens -in a limited number. Also banks are calling in commercial real estate loans. IF you are profitable it doesn't happen - if you are losing - Banks get cold feeet quickly. Much like a broker changing margin rules at a bottom. Debt is never a good thing. Being capitalized is always what allows one to sleep at night. Bob