NAAA Pedal Car Auction Pushes Beyond Half-Million Dollar Mark

October 3, 2014

FREDERICK, MD.—Pedal cars attracted very adult-sized donations at the National Auto Auction Association’s Black Book Pedal Car Auction, raising more than a half-million dollars to benefit the organization’s nonprofit NAAA Warren Young, Sr. Scholastic Foundation, Inc. The auction was held during the 2014 NAAA Annual Convention in Boston.Among the 14 candy-colored and fully accessorized, pedal-powered entrants, a Jump Truck custom-built by State Line Auto Auction of Waverly, NY — complete with jumper cables, compressed air system, push bumper, beacon lights, trash receptacle, fire extinguisher and first aid kit — claimed the “Best In Show” title with a winning bid of $102,000. The team of John Williams, Chris Waters and Ed Garrity under the supervision of Rob Bennett invested almost 130 hours in the project, according to State Line President Jeff Barber.The charity event’s entry fees, vehicle sales, award sponsorships and additional contributions collected a grand total of $576,300 for the association’s annual merit scholarship program.

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Using Mobile Technology for Faster Turn Times

September 19, 2014

I’ve discussed in recent posts how being connected to technology and being ‘mobile’ is becoming more and more of a...

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Floor Plan Companies Can Be a Valuable Asset for Auctions

September 1, 2014

Auctions and floor plan companies have a mutually beneficial relationship. Creating and maintaining these relationships in the floor plan industry is essential for success, especially for auctions, which face numerous challenges in their day-to-day business, including but not limited to:Dealers lacking funding Slow payment Difficulties in flooring No assistance available No marketing Fewer dealers at salesFloor plan companies help auctions negate some of these challenges, as they provide a valuable service of fast, timely guaranteed payments for sold units, which allows auctions to focus on what they do best: sell cars. But there are other advantages to auctions having a solid relationship with floor plan companies.

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NextGear Capital Executives Participate in Ice Bucket Challenge

August 20, 2014

CARMEL, Ind. – The executive team from NextGear Capital, the largest independent inventory finance company in North America, recently took part in the Ice Bucket Challenge to raise donations and awareness for amyotrophic lateral sclerosis (ALS), commonly known as Lou Gehrig’s disease. In addition to participating in the challenge, NextGear Capital also pledged $5,000 towards the ALS Foundation.“At NextGear Capital, we believe in making a difference and giving back to others, whether that’s in our community or globally,” said Brian Geitner, president of NextGear Capital. “ALS has affected many across the world, and we want to do our part to help find a cure for this disease.”

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Paying it Forward at Ronald McDonald House

July 30, 2014

NextGear Capital employees take time to give back to their communities through fundraisers, donations and volunteer time. Recently we served breakfast at Ronald McDonald House in Indianapolis. Check out our photo gallery!

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Testimonial: Lisa Kocot, Easy Guy Auto Sales

July 30, 2014

“NextGear Capital is simply fast and efficient for us. We have instant access to our account when we want purchasing data. Our...

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Manheim stake in Go Financial gives dealers more options for subprime consumer finance

July 15, 2014

NextGear Capital customers who want easier and faster sales financing for subprime customers will have it, as a result of Manheim signing an agreement to purchase an equity stake in Go Financial, a subprime auto finance company.This deal creates a unique opportunity for Manheim to invest in a growing subprime auto finance segment – independent dealers who want to take greater control over the financing options they offer their retail customers. Go Financial is owned by DriveTime Chairman Ernie Garcia and DriveTime President and CEO Ray Fidel. Go Financial will operate independently from Manheim and DriveTime. Headquartered in Phoenix, Go Financial employs a staff of 175.

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Testimonial: Alex Perez, A+ Auto Sales

June 30, 2014

“Everything is on the website. I can keep track on their website, or the app 24/7. I can request a title and...

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Good Floor Plan Lender Relationships Are Key To Dealers Wanting To Grow Their Businesses

June 15, 2014

In all aspects of life, we build and nurture relationships. Whether it is with our spouses, friends, or co-workers, developing a strong relationship is paramount. This holds true for dealers too, who strive to find a floor plan lender that they can trust and with whom they can have a long and prosperous business relationship.

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Testimonial: Rob Mancuso, Mancuso Motorsports

May 30, 2014

“NextGear Capital is really unique among floor plan providers in a number of ways. Number one, would be the people. We work...

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