Merlin Car Auctions talk about how our partnership will benefit their customers
Merlin Car Auctions, led by Merlin O’Reilly, has been established for over 40 years, providing a professional service that matches buyers and sellers to ensure they’re achieving the best deal. Now with over four auctions per week, we’re delighted that Merlin Car Auctions has joined our partner network, supporting our dealers in finding a mixed profile of quality used vehicles at affordable prices.
Speaking with Merlin O’Reilly, Managing Director, about our partnership he commented that ‘From the outset I loved the concept of NextGear Capital’s Stocking Plans as it will really help our dealers to stock more vehicles! What’s more is that the NextGear Capital team have been brilliant to work with, really friendly and happy to support where possible.’
Merlin has since introduced a number of large dealer groups to NextGear Capital commenting that ‘NextGear Capital have entered the market at a perfect time, providing funding no one else is - it’s often difficult to get a used car stocking facility, let alone one that funds 100% of the hammer price.
We’re looking forward to seeing a positive impact as the automated technology NextGear Capital use is instantaneous meaning that dealers with Stocking Plans can fund vehicles at the push of a button and drive them away the same day getting stock to the forecourts even quicker. Ultimately our vendors are happier as they’ll be paid quicker and dealers are able to buy more vehicles so everyone wins!
There’s huge benefit to dealers if they utilise the Stocking Plan to help manage their stock turn across their whole profile, to stock and sell more vehicles ultimately becoming more profitable. The NextGear Capital team, led in the field by Chris Moore, Regional Sales Manager, are already advising dealers about how to increase stock turn and therefore increase profit which is beneficial for all three parties.’
Merlin O’Reilly, Managing Director, Merlin Car Auctions