Blogs

Steps Auto Dealers Can Take to Improve the Audit Experience

March 23, 2017

Asset security is a concern for both dealers and floor plan finance companies alike. If a customer takes a vehicle for a...

Dealership Floor Plan Management: Three Questions Dealers Should Ask Daily

March 16, 2017

Dealers use a number of tools each and every day to help maintain and grow dealership business and profitability. For NextGear Capital dealers,...

Want to Increase Dealership Sales? Retain Walk-In Customers

March 9, 2017

According to a Cox Automotive study, “walking in” remains as a customer’s most common initial point of contact with...

Cars, Consumers & Credit Cycles – Webinar with Tom Webb

February 28, 2017

https://www.youtube.com/watch?v=udlY8Lrm3fo Economic and industry factors can have a significant impact on any industry. In a recent webinar, Tom Webb—chief economist for...

Requesting Vehicle Titles With NextGear Capital

February 23, 2017

Vehicle titles are part of everyday life at a dealership. For dealers that floor plan, it’s not unusual for vehicle titles...

Benefits of Floorplan Companies Holding Titles

February 21, 2017

When dealers begin utilizing a floor plan to finance their purchases, initial concerns surrounding immediate access to vehicle titles may arise. Floorplan...

Best Practices of Managing Dealership Reviews

February 9, 2017

Encouraging a car buyer to shop at a particular dealership is no longer just a matter of simply being the closest dealership...

Need to Exchange Aged Inventory? Build a Local Dealer Network

February 2, 2017

Aged inventory is a big issue for many auto dealers. Vehicles are depreciating assets, and if they remain on a dealer’s...

Automotive Floor Plan Management Best Practices

January 26, 2017

Once a dealer is cleared to use an automotive floor plan, they instantly have access to more capital to aid in purchasing...

Auto Floor Plans vs Cash: What Cash Buyers Lose When Buying Inventory

January 19, 2017

Every dealer has a preference on what type of capital they use to purchase inventory. Each dealer has the choice to use...