News

News

2017 GIADA Convention and Expo Wrap-Up

July 20, 2017

Automotive industry conferences are an excellent way to stay up-to-date on the latest auto industry news. In addition, they are a great...

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How does a dealer floor plan work?

July 18, 2017

The concept of a dealer floor plan is pretty simple: a floor planning lender gives a dealer a line of credit to...

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3 Ways Dealers Can Reduce Turn Time and Protect Profits

July 13, 2017

How long does it take to get newly acquired vehicles on to your dealership lot and ready to be sold? After...

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The Do’s & Don’ts of Auto Floor Planning

July 11, 2017

When dealers use a floor plan, they don’t have to use dealership savings to purchase inventory. This means dealers have a...

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Dealing With an Inventory Surplus

July 5, 2017

It’s not uncommon for dealers to make buying decisions that can lead to an overstocked lot or an inventory surplus. Though...

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Buying Car Dealership Inventory: Two Questions To Consider

June 29, 2017

A successful dealer is someone that can simply turn inventory into profit. However, ensuring that a dealer can remain...

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The Flexibility of a Car Dealership Floor Plan

June 27, 2017

Dealers thrive in a flexible, fast-paced environment, and dealership capital needs to be flexible as well. Though some dealers might think buying...

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The Mentality Needed When Purchasing Dealership Inventory

June 22, 2017

Purchasing dealership inventory with profit potential begins with a dealer’s daily choice to have a mentality of discipline and balance.

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Make Wise Vehicle Investments With a Floor Plan Line of Credit

June 20, 2017

It is often said that used car dealers will typically make most of their profit margins with an initial vehicle purchase. In...

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NextGear Capital Announces New Transportation Financing Solution

June 14, 2017

To help independent dealers free up cash flow and simplify their business operations, NextGear Capital is partnering with Ready...

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