Thats true to a degree, however companies like Esanda and St george etc are still lending money for floor plans. They are obviously inundated by dealers begging them for funding, but given there relative monopoly they can pick and choose who they finance. Couple this to the fact that most dealers financials look pretty ordinary at the moment, and you have some very worried DP's
Toyota however have made a promise that TFS would finance the floor plan of any Toyota dealership that has had GE funding, in addition if it was a multi franchise operation they have said that they would extend the TFS agreement to the clients Non-Toyota dealerships!