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
