NextGear Capital News

Find out all of our latest news and industry insights with our regular press releases and blog features. We aim to keep you updated on any new developments and feedback from our customers, so make sure you visit regularly to find out what’s happening.

If you are a member of the press and would like further details on any of the news articles, please email marketing@nextgearcapital.co.uk.

 

News

05/12/2018    Understanding and tracking the cost of stock acquisition

We examine the key factors that apply to stock acquisition and explore how these factors can be mitigated or reduced to improve dealership margins. Read more

26/11/2018    Dealers turn to wholesale finance to keep cash king

Our latest sentiment survey, via Cox Automotive, reveals that wholesale finance is a beneficial source of funding for dealers, as cash flow remains their priority. Read more

12/11/2018    The pros and cons of different dealer funding models

It used to be the case that cash was king when it came to car dealers purchasing new stock. However, dealers are increasingly weighing up a range of options when deciding how to fund the vehicles on their forecourt. Read more

05/11/2018    Market dynamics drive dealer demand for stock funding

Buyers are wanting the ability to flex their purchasing options in order to meet the demands of the used vehicle market. Read more

29/10/2018    NextGear Capital hits £2bn vehicle funding mark

NextGear Capital has hit the £2 billion mark for vehicle funding just four years after the company first launched in the UK. Read more

21/09/2018    NextGear Capital appoints Amrit Singh as Finance Director

Finance Director Amrit will be responsible for overseeing the growth strategy of NextGear Capital to continue to offer a first-class funding programme to used car dealers. Read more

10/11/2017    Working with Kevin Egan Cars

I decided to take a NextGear Capital Stocking Plan because I wanted to grow my business and since using it the Stocking Plan has had a hugely positive impact. Read more

10/11/2017    Used car prices rose as sold volumes dropped in July

“The September plate change and the inevitable influx of part-exchange and fleet returns will bring will increase volume into the market but could also once again put some light pressure on values over the next six to eight weeks” Read more

10/11/2017    Motors.co.uk combines with Dealer-Auction.com to help lead generation

A couple of years ago, we teamed up with Dealer-Auction.com, the UK’s largest auction site offering stock exclusively from franchised main dealers and dealer groups. The partnership allows dealers to quickly secure funding for their newly-purchased vehicles, meaning they can get the stock they need, when they want it. Read more

02/08/2017    Average used values increase by 4.2% in June

We recently reported on Cap HPI research which painted a positive picture of the used car market in terms of sales, before going on to predict that 2017 will be a bumper year for the industry and now the National Association of Motor Auctions (NAMA) – has supported Cap HPI’s predictions. Read more