People News 16 Aug
NextGear Capital strengthens leadership team with two appointments
NextGear Capital has appointed Chris Stakes as commercial director and Victoria Gardner as director of NextGear Development.
Used Cars 1 Apr
Used dealers embrace multichannel stock sourcing
Used car dealers have transitioned to a multi-channel strategy for stock acquisition following the coronavirus pandemic, according to Nextgear Capital.
Market Insight 19 Feb
Used car dealers more positive now than pre-COVID, survey finds
Used car dealers are more positive about their ability to make a healthy margin on their sales than they were before the COVID-19 pandemic, a new survey has found.
Finance 24 Sep
1-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.
Used Cars 7 Sep
Stock turn accelerated as demand drove used car price rise in August
Used car retailers increased their stock turn by 11.8% month-on-month as demand for vehicles continued to drive up values at auction houses across the UK, according to Cox Automotive and eBay Motors Group.
Market Insight 2 Mar
Dealers are 'combining instinct with valuation' to find the best used cars
The latest results from the NextGear Capital survey have revealed that dealers are combining instinct with valuation tools to identify the best stock.
Used Cars 15 Oct
Cox Automotive reports ‘super-heated’ September wholesale market
Unseasonably low September used car stock levels drove “a super-heated wholesale market”, according to the latest Cox Automotive Market Tracker report.
Finance 5 Aug
NextGear Capital surpasses £3 billion funding milestone
NextGear Capital has celebrated a significant business milestone as it surpassed £3 billion of vehicle funding.
Market Insight 20 Jun
May 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.
People News 17 May
NextGear Capital appoints Simon Baldwin as operations director
NextGear Capital has appointed Simon Baldwin to its leadership team as operations director.
Used Cars 15 Mar
Wholesale prices rose 0.5% in February as margin concerns continue
Wholesale used car prices rose by 0.5% month-on-month in February as car retailers continued to express their concerns about margin compression, Cox Automotive reported.
Supplier News 14 Feb
Nearly-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”.
Supplier News 27 Nov
Overdrafts still the stock funding choice of 9% of car dealers
A survey conducted by NextGear Capital and Cox Automotive has revealed that more than half of used car retailers use a stock funding facility to fill their forcecourts.
Supplier News 6 Nov
Nextgear Capital achieves £2bn used car stock funding milestone
Nextgear Capital has said that a used car stock funding is poised for further growth as dealers look to “boost their buying power” amid rising values and a rush for stock.
People News 10 Sep
NextGear Capital welcomes Amrit Singh as finance director
NextGear Capital has announced the appointment of Amrit Singh to the role of finance director.
Used Cars 20 Aug
Demand drives 7% July used car price rise at Manheim
Cox Automotive has reported signs of a positive upturn in the used car market after a 7% rise in prices at its Manheim auction centres during July.
Used Cars 13 Jul
Used car values up 3% at Manheim auctions but down 10% on Motors.co.uk
Used car values rose 3% at Manheim auction houses and 11% on the Dealer Trade online trading platform but dipped 10% on the consumer-facing Motors.co.uk website during June, Cox Automotive has revealed.
Top tips 29 May
Stock sourcing and funding
This short film from NextGear Capital looks at how car dealerships can find and fund great used vehicle stock.
Supplier News 9 May
NextGear Capital funds £50million of Dealer Auction sales through partnership
NextGear Capital has provided £50million in stock funding to hundreds of UK dealers thanks to a partnership with Dealer Auction.
Used Cars 13 Apr
Part-exchange price rise boosted car retail in challenging March, says Cox Automotive
Part-exchange vehicles posted strong performance at auction during March to deliver a boost to car dealers at the end of Q1, according to new figures from Cox Automotive.