News

Press Releases

NextGear Capital, EffectiveUI Honored for Web and Mobile Apps

January 28, 2015

CARMEL, Ind. – NextGear Capital and EffectiveUI were recently honored with a silver award at the W3 Awards Program for their collaborative...

Read More
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...

Read More
NextGear Capital Appoints Adam Galema Vice President of Finance

January 28, 2015

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

Read More
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...

Read More
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.”

Read More
Manheim stake in Go Financial gives dealers more options for subprime consumer finance

July 15, 2014

NextGear Capital customers who want easier and faster sales financing for subprime customers will have it, as a result of Manheim signing an agreement to purchase an equity stake in Go Financial, a subprime auto finance company.This deal creates a unique opportunity for Manheim to invest in a growing subprime auto finance segment – independent dealers who want to take greater control over the financing options they offer their retail customers. Go Financial is owned by DriveTime Chairman Ernie Garcia and DriveTime President and CEO Ray Fidel. Go Financial will operate independently from Manheim and DriveTime. Headquartered in Phoenix, Go Financial employs a staff of 175.

Read More
New “Ambassador Program” Offers Certified Training For NextGear Capital Dealers and Representatives

July 1, 2014

NextGear Capital has announced the creation of its Ambassador Program for its field representatives. Through this program, the company will partner with industry experts to provide certified training modules to further develop its field representative’s dealership business and industry knowledge.“We care about our dealer’s success and know that they want a partner that understands their business,” said NextGear Capital President Brian Geitner. “By furthering our educational platform with various industry experts, our field representatives will gain expert knowledge and become ambassadors to the industry, allowing us to continue fostering consultative relationships with our dealers to ensure they remain successful.”

Read More
NextGear Capital Expands Floor Plan Solutions Offering to Marine Industry

May 29, 2014

NextGear Capital has announced its expansion into the Marine industry through its Diversified Products division. With this expansion, the company will look to establish itself as a leading provider of floor plan solutions to the industry.“We are very pleased to announce our entrance into the Marine industry, where there remains a shortage of available capital to provide adequate floor plan solutions for both manufacturers and dealers,” stated Frank Ford, Vice President of Diversified Products with NextGear Capital.

Read More