NextGear
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Finance 24 Sep1-in-4 car dealers using COVID-19 loans or overdrafts to stock forecourts
Almost a quarter of used car retailers have turned to Government-backed COVID-19 recovery loans or overdrafts to fund their forecourt stock since lockdown, NextGear Capital has found.
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People News 1 MayCox Automotive promotes UK CEO Martin Forbes into international role
Cox Automotive has promoted its UK CEO Martin Forbes into the position of president of Cox Automotive International, effective immediately.
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Market Insight 20 JunMay brings drop in retail demand for 65% of car dealers
Unpredictable trading conditions prompted a drop in retail demand for 65% of car dealers, according to the latest sentiment survey from Modix.
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People News 17 MayNextGear Capital appoints Simon Baldwin as operations director
NextGear Capital has appointed Simon Baldwin to its leadership team as operations director.
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Market Insight 11 AprCar dealers report 60% decline in demand amid March's Brexit uncertainty
Car dealers reported a 60% decline in demand during March as reaction to political uncertainty over Brexit the introduction of WLTP-related taxation changes caused owners to hold on to their cars for longer.
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Supplier News 14 FebNearly-new diesel vehicle volumes on the decline, reports Cox Automotive
Cox Automotive has reported that volumes of nearly-new diesel vehicles declined in January as the used car sector showed stability by “following its normal seasonal pattern”.
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Supplier News 10 Jan
Additional used car stock targeted by 52% of dealers in 2019
Additional used car stock is part of the 2019 business plan of 52% of car retailers during 2019 – as 65% target growth in the sector.
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Market Insight 14 Dec
Car manufacturers' ongoing 'struggle' with WLTP drives used car sales
Demand for used car stock remained high during November with “manufacturers still struggling to get vehicles onto dealer forecourts” four months after the disruptive introduction of WLTP emissions test legislation.
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Used Cars 13 NovWLTP boosts used car volumes and values for Cox Automotive in October
Cox Automotive has reported 6.3% increase in used car volumes coming through Manheim auction sites during October as retailers battled for stock amid new vehicle supply shortages.
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Used Cars 8 MarDiesel used car price growth fails to keep pace with petrol, reveals Cox Automotive
Cox Automotive has said that sales of used diesel vehicles have continued to contrast those of new diesel cars, despite a year-on-year price rise less than a third of those attracted by petrol counterparts.
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People News 22 JanSecure Trust Bank appoints David Mercer as managing director of motor finance arm
Secure Trust Bank has targeted growth in the in the near-prime and prime car finance sector after appointing former NextGear Capital boss David Mercer as managing director of its motor finance division, Moneyway.
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Used Cars 16 JanUsed car prices end 2017 on high for Cox Automotive's Manheim and Motors.co.uk businesses
Cox Automotive reported a strong end to 2017 as average used car prices rose across its Manheim auctions, Dealer Auction, NextGear Capital and Motors.co.uk businesses.
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People News 22 DecNextgear Capital welcomes new managing director
Cox Automotive has appointed Liam Quegan as managing director of NextGear Capital as the business looks to realise the next stage of its growth plan.
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Supplier News 8 DecNextGear Capital reaches 200,000 vehicle funding milestone
NextGear Capital has marked the milestone of 200,000 vehicles funded since it launched in 2014, hailing the stock funding business’s growth as “outstanding”.
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Used Cars 18 OctAverage used car prices rise 16% at Manheim
Manheim’s average used car price rose by 16% in September as Cox Automotive’s wholesale and retail businesses ride a wave of “higher quality and of lower mileage” stock.
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Used Cars 11 JulCox Automotive sees used values rise 5.2%
A shift in the selling price of used cars helped average used values to rise 5.2% in June within Cox Automotive’s wholesale and retail businesses.
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Market Insight 13 JunUsed car values up for Cox Automotive in May
Cox Automotive’s wholesale and retail brands saw a year-on-year increase in sold volumes in May, with selling prices up across the board.
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Car Dealer News 12 JunNextGear Capital funds £600,000 of Auction4Cars sales in one month
Auction4Cars saw £600,000-worth of stock purchased by dealers using the NextGear Capital Stocking Plans in one month.
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