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Floor Planning Critical to Auto Industry

July 30, 2015

Inventory financing (or “floor planning”) continues to be a viable source for dealers to floor their units. Not only does a floor...

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The Flexible Floor Plans You Need

July 14, 2015

Merriam-Webster defines the word flexible as “characterized by a ready capability to adapt to new, different or changing requirements.” This definition sums up...

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Top 5 Reasons to Floor Plan with NextGear Capital

July 8, 2015

By Hancock, Director of Dealer Services We label ourselves as an inventory finance company. But truth is, we are more than that.

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Top 3 Reasons to Attend Our Dealer Summit

June 24, 2015

In today’s world, education is more important than ever for dealers. Due to the compliance issues being spotlighted by the Consumer Financial...

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Attain More Inventory Options With Floor Planning

June 16, 2015

Wholesale estimates continue to be good for used car dealers, with the average wholesale price hovering around $10,000 through June. This is...

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Be Efficient with Inventory During Summer

June 2, 2015

Summer can be a challenging time of the year for used car dealers. For many, remarketing volumes become stagnant and retail sales...

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Promotions: Increasing inventory during tough summer months

May 27, 2015

The end of tax season also marks the end to one of the busiest times of the year in the auction business.

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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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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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