News

News

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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How does floor plan financing work?

June 13, 2017

The terms “floor planning” and “floor plan financing” get thrown around pretty frequently in dealership and auction circles. But what do these...

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Managing Car Dealer Advertising Posts

June 8, 2017

A key component of car dealer advertising is the information dealers make available online. What dealers present on their websites and digital...

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Three Reasons Dealers Should Attend the 2017 NIADA Convention & Expo

June 1, 2017

Dealers looking to improve their dealership operations will often need to seek out reputable sources for industry information. With constantly changing industry...

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NextGear Capital Wins Indianapolis Symphony Orchestra Award

May 24, 2017

The Indianapolis Symphony Orchestra (ISO) recently held their Donor Volunteer Appreciation Concert at the Hilbert Circle Theatre; a free, private concert held...

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Dealership Floor Plans: What is the right amount of capital?

May 18, 2017

Having access to the right amount of capital is essential for a dealership’s business to run profitably and grow efficiently. Dealerships stay...

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3 Mistakes Dealers Make When Buying Auto Dealership Inventory With Cash

May 11, 2017

Some dealers believe purchasing inventory with cash is the best option for their dealership. Keep in mind auto dealership inventory must often...

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NextGear Capital Closes $400 Million Securitization

May 3, 2017

NextGear Capital, a Cox Automotive brand, announces that the NextGear Floorplan Master Owner Trust successfully completed the sale of $400 million of...

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