NextGear Capital News
Read our latest news and blogs, plus browse our press releases too. We'll keep you updated on all new developments and interesting articles, so make sure you check back regularly to find out what’s happening!
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News
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 Used car prices rose as sold volumes dropped
“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 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
19/07/2017 Which marketing channels deliver the best ROI for car dealerships?
When it comes to marketing your dealership, you want to make sure the channels you invest your time and money in are worthwhile and deliver a substantial return on investment (ROI). Though, with a plethora of platforms available, which ones should you be focussing on? Read more
19/06/2017 Learn how dealers can safeguard their bottom line
The other day, we came across an interesting guest blog post on Motor Trader written by Matt Dale, director of auction house G3 Remarketing, one of our partners. Dale shares some useful tips to help used car dealers protect their bottom line. Read more
14/06/2017 NextGear Capital funds more than £600,000 of Auction4Cars stock
Auction4Cars, which offers Motorpoint’s part-exchange vehicles to the trade, saw more than £600,000-worth of stock purchased in one month from dealers using their NextGear Capital Stocking Plans, having only become an approved source for the wholesale finance provider in April. Read more
07/06/2017 Five steps to social media success
For car dealerships – and indeed, businesses in all industries – social media is no longer considered a nice-to-have; it’s now an essential part of the marketing mix. Read more