News

News

NextGear Capital Integrates Kelley Blue Book Values with myNextGear

April 30, 2015

Aerial view of parked cars CARMEL, Ind. – NextGear Capital, Inc., the largest inventory finance company in North America, recently announced that...

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This March There’s #NoExcuses

March 4, 2015

Welcome to NextGear Capital’s No Excuses campaign! This annual Community Relations effort began 10 years ago with AutoTrader.com encouraging employees, their teams...

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NextGear Capital, EffectiveUI Honored for Web and Mobile Apps

January 28, 2015

Account access 24/7 CARMEL, Ind. – NextGear Capital and EffectiveUI were recently honored with a silver award at the W3 Awards Program...

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NextGear Capital Appoints New Vice President of Canadian Operations

January 28, 2015

CARMEL, Ind. – NextGear Capital, a Cox Automotive company, has announced the appointment of Roy Vandermeer to the role of Vice President...

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NextGear Capital Donates to NAAA Scholarship Fund

October 3, 2014

CARMEL, Ind. – During the recent National Auto Auction Association (NAAA) Convention in Boston, MA, NextGear Capital...

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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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