Car retailer Sonic secures floorplan financing

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29 January 2010

Sonic Automotive has entered into supplier financing agreement with a group of automotive manufacturers.

Sonic Automotive, has entered into separate credit arrangements for floorplan financing with each of BMW Financial Services NA, LLC; DCFS USA LLC; Ford Motor Credit Company; General Motors Acceptance Corporation; Toyota Motor Credit Corporation; and World Omni Financial...

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Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%

33%

50% to 75%

30%

25% to 50%

25% or less

10%

I don’t use private credit insurers

18%