Research and analysis on dealer capital, carrying costs, and inventory intelligence.
We tracked 302,152 vehicles across 1,674 dealerships. Nearly 1 in 3 franchise vehicles has been sitting 90+ days, freezing $4.32 billion in invoice capital.
Deep AnalysisEvery day a vehicle sits past its curtailment gate, it destroys the compounding return that same capital would generate elsewhere. Full quantitative model with three stress scenarios.
ConceptYour DMS shows interest paid. It doesn't show the 21-24% annualized spread between what aged inventory costs and what that capital would earn elsewhere.
CurtailmentDealers call a vehicle that's been on the lot 365 days a 'birthday boy.' But the damage starts at day 60. Real curtailment data from 12 floor plan lenders.
SEC AnalysisSEC 10-K analysis: how floorplan interest expense exploded across public dealership groups. Penske hit $189.8M. Asbury went from $9.6M to $89.9M.
Swap IntelligenceSwaps fail because neither side can see the full picture. Real math on carrying costs, SRS scoring, and capital recovery for franchise dealer inventory swaps.