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Floor plan lending rests on a single audit mechanism: a lender extends revolving credit against a dealer's vehicle inventory, and periodic audits verify that the collateral backing those lines still sits on the lot.
That verification cycle is what keeps performing dealer portfolios from turning impaired.
Holyk, Vice President of Client Development at Portland, Oregon-based 12th Tech, argued in a July 15, 2026 release that technology in this environment generates real value only when the people behind it understand how the lending vertical actually operates.
The audit loop as the core risk mechanism Dealership inventory is not static collateral.
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