Press Releases

Independent Dealers Simplify Business Operations and Increase Cash Flow Using Transportation Financing Solution

November 16, 2017

Since launching a first-of-its-kind automated transportation financing solution earlier this year, NextGear Capital has processed more than 14,500 transactions from independent...

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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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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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NextGear Capital Launches Enhanced Website for Dealers

April 20, 2017

To better support independent dealers, NextGear Capital has launched an enhanced website that delivers more convenient access to information. Its value-added tools...

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NextGear Capital Selects Mackie to Drive Future Sales Growth

March 27, 2017

To support future growth in the inventory-financing sector, NextGear Capital today announces Lisa Mackie will fill its newly created vice president...

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Seasonal Wholesale Prices Drive Dealers to Stock Up

December 15, 2016

NextGear Capital and Manheim Offerings Compel Clients to Maximize Floor Plan Purchasing Power Savvy dealers tracking seasonal wholesale prices and...

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NextGear Capital Recognizes Auction Partners

November 17, 2016

NextGear Capital, a Cox Automotive brand, presented its fourth annual Auction Partners Awards Wednesday night at the Red Rock Casino and Resort...

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Cox Automotive Names Shane O’Dell President of Financial Solutions

September 1, 2016

Cox Automotive, a leading provider of digital marketing, software, financial, wholesale and e-commerce solutions across the automotive industry, today announced that...

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NextGear Capital Enters Agreement with CarMax Auctions

July 27, 2016

NextGear Capital has announced a new agreement with CarMax. The agreement with CarMax, the nation’s largest retailer of used vehicles, will...

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Industry Leader Closes $1.95 Billion Financing Securitization

July 20, 2016

NextGear Capital, Inc., the most comprehensive provider of lending products and solutions for the automotive remarketing industry, is pleased to announce the...

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