NextGear Capital Extends its Reach into Ireland
Fast growing NextGear Capital has announced that it will extend its distinctive stock funding approach into Ireland from September 1st. As well as being able to buy stock across a wide range of Irish remarketing channels, Irish dealers will be able to make use of a highly effective ‘dual currency’ application to buy stock from UK channels as well.
Commenting on the move into Ireland David Mercer, Managing Director of NextGear Capital, commented; “We have been planning our entry into the Irish market for some time working with a series of remarketing partners. Now, we are ready to help dealers to benefit from the improving economy.
“Sales of both cars and LCVs are up this year and the economic outlook is very positive. Credit rating expert Moody's expects Ireland’s economy to grow considerably faster than the euro area average over the near to medium term. Unemployment is now under 10% and Irish sentiment for businesses is reported to be at an 8 year high. Against this backdrop the opportunity for forward-looking motor dealers is encouraging and we are ready to support them.”
The launch of the new NextGear Capital service begins on September 1st with launches taking place at auctions across Ireland. For dealers wanting to find out more information now, call NextGear Capital on 0343 50 60 600.