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A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.
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On September 6, 2007, Volkswagen of America announced it would relocate its North American headquarters to Herndon, Virginia. [20] [21] Volkswagen sales are particularly strong in the Mid-Atlantic region, as well as both coasts. The company indicated that it is important for them to locate in a region where their customer base is strongest.
Volkswagen (VW; German pronunciation: [ˈfɔlksˌvaːɡn̩] ⓘ) [Note 1] is a German automobile manufacturer based in Wolfsburg, Lower Saxony, Germany.Established in 1937 by The German Labour Front, it was revitalized into the global brand it is today after World War II by British Army officer Ivan Hirst.
AIADA was established in 1970 as the Volkswagen Dealers Association in response to a growing protectionist movement in the United States. On January 30, 1970, VADA opened membership to any franchised dealer of imported automobiles and changed its name to the American Imported Automobile Dealers Association (AIADA).
The Volkswagen Touran is a car manufactured by German automaker Volkswagen since 2003 and sold in Europe and other select markets. A compact multi-purpose vehicle (MPV), [improper synthesis?] it fills a gap in Volkswagen's model lineup between the Volkswagen Golf, with which it shares its platform, and the Volkswagen Sharan, its larger counterpart, which ceased production in 2022.