car dealers financing their floor plans, page-3

some of the slack will be taken up by banks and the car manufactures. i used to work in corporate banking and had some dealings with large ford dealers who had GE facilties. the GE floor plan finance was the best and the cheapest. very hard to replace but now the best dealers will get access to more expense floor plan finance and the weaker dealers will fall by the way side. toyota dealers will now go with toyota finance ( who prev had a poor saturation rate with their own dealers ) but id imagine ford & holden dealers will be begging their bankers for some quick assistance. second hand car market is shot and could follow the US. saw something on SBS yesterday where i think it was Chrsyler dealerships who were offering $1 second hand vehicle if you bought a new car.