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We all know that owning an auto dealership is very cash-intensive. It takes cash flow for working capital, to carry vehicles and parts in inventory and to wait for warranties and incentives to be reimbursed.
Currently, our conversations with our dealer clients have involved excess liquidity, which is unfamiliar territory. This is a good problem to have. Here are some thoughts to consider with the excess cash you might have:
Obviously, these are just some of the options that come to mind. Let’s discuss further. Many dealers are in a great position to be successful into the future.
It’s time to be as proactive as possible by putting your excess cash to work. If you have any questions, please contact Steve Barber or any of our SD Auto Advisors.
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