Many industry analysts - including the giant brains here at TMR – may have got things wrong on the effect of the withdrawal of GE and GMAC from new car dealer floorplan financing.

Why do we think so? Well, remember the Special Purpose Vehicle (SPV)? It was a $2 billion pool set up by the Rudd [...]

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The Federal Treasurer Wayne Swan has released an Information Guide for Car Dealers on the Special Purpose Vehicle (SPV) funding facility, designed to fill the $2 billion floorplan financing ‘hole’ left by GE and GMAC’s exit from the dealer financing market.

He also appealed to GE and GMAC to “do the right thing” and continue to [...]

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The Federal Treasurer, Mr Wayne Swan, today announced the establishment of a special fund to provide liquidity to car dealer financiers, and to car dealers, who have encountered financing difficulties as a result of the global credit crisis.

Many in the community are aware that the announced exit of GE and GMAC finance from the dealer [...]

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