How a NextGear Capital Stocking Plan Increased Sales Volume by 20%
As a franchised dealership stocking not only Mazda but other manufacturers too, Buckinghamshire Mazda took the approach of using a NextGear Capital Stocking Plan to strengthen the Mazda brand by increasing the number of used vehicles on their forecourt. With a varied stock profile of over 300 vehicles ranging in value from £2,000 to £50,000, Floyd Timms, Managing Director reports that having a Stocking Plan has increased their volume by 20%.
Floyd comments ‘From the outset, I knew a NextGear Capital Stocking Plan could be used to complement the existing structure of our business and the manufacturer finance already in place. Following an introduction to Sarah, our local Account Manager I found the set up completely seamless; the application process was extremely straightforward and it was clear that NextGear Capital take a collaborative approach.
Previously we often found ourselves unable to stock higher mileage, older part exchanged vehicles, now we’re able to easily load these vehicles onto our Stocking Plan offering our customers a greater variety of stock.
With buying 10% of our vehicles from an auction, a key piece for us is the relationship NextGear Capital have with Manheim. Paying with NextGear Capital means we can drive the vehicles away the same day, it’s a simple process from purchase to delivery and cements our relationship with the auction! What’s more is that funding vehicles through StockMaster saves us even more time as we can use it when it is convenient for us and fits in around all other tasks.
Having used our Stocking Plan for almost a year, I’d highly recommend NextGear Capital to any franchised dealership looking to diversify and increase their stock profile and ultimately increase profit.’