Are you making sales and showing a profitbut also showing a close-to-zero bank balance? If youre in choppy financial waters, then somewhere in the store theres a Bermuda triangle swallowing up cash and threatening to sink the dealership.
One reason for a cash flow crunch could be contracts in transit that take too long to be funded. Here are some guidelines from NADA University.
Instructor Steve Lane, who teaches Financial Management at the NADA Academy, gives advice to dealers on avoiding the cash flow crunch as auto sales contracts move through the system.The Article Cash Flow Giving You a Sinking Feeling? appeared first on AIN Media.