AM Online

Aston Barclay and NextGear Capital deliver auction boost with new funding initiative

Aston Barclay has teamed up with NextGear Capital with an innovative funding initiative designed to boost auction sales during some of the quietest months on the sales calendar.

Aston Barclay has worked with funding experts NextGear Capital since June 2014 and has benefitted from the capacity to offer dealers stock funding that can be utilised in the auction hall and online.

Now the two firms are offering and innovative new initiative to assist Aston Barclay’s expansion plans.

At a recent auction at Aston Barclays Chelmsford centre a focus was placed on signing up new dealers to a stock funding facility.

For one day, dealers buying stock through their NextGear Capital facility would be able to do so without the normal loading fee.

As a result five new accounts were opened and three existing NextGear Capital dealers funded vehicles at Chelmsford for the first time in 2015.

In total, 24 units were funded at the sale.

Aston Barclay’s southern remarketing director Martin Potter said: “We have had some good traction with buyers by offering them the NextGear Capital Stocking plan.

“At the recent Oktoberfest themed sale we had existing buyers buying more cars and new buyers visiting the auction and buying stock for the first time. It provides a positive situation for both our buyers and sellers.”

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.