The documents said, "(Reagor-Dykes) may have caused one of the largest floor-plan-financing defaults in the history of the United States. And while the size of the default is certainly significant, the fact that it occurred during the years of unprecedented car-sale growth is just as telling. Since its (lowest point) in 2009, the automotive market for new and used cars has exploded. Annual U.S. car and truck sales topped 17 million for the third straight year in 2017. But despite the sustained market growth, (Reagor-Dykes') business has cratered. Indeed the current management has run (Reagor-Dykes') operations into the ground, causing a $41 million default. Simply put, a trustee is necessary to take over (Reagor-Dykes') operations and turnaround the business."