login search

stock funding

Macie Motors former Renault and Dacia dealership site in Brechin

‘Seismic’ High Court judgment leaves franchised car dealers vulnerable to 7-day termination

A ‘seismic’ High Court ruling over a landmark case involving RCI Financial Services and Mackie Motors has paved the way for a seven-day termination period for franchised car retailers, it has been claimed.

Car dealer news 5 Aug

Tie-up between epyx 1link and V12 Vehicle Finance for trade funding

Dealers using stock funding facilities with V12 Vehicle Finance can now buy quicker and easier from epyx's 1link Trade Buyer platform thanks to a tie-up between the two companies.

11 Oct
Shoreham Vehicle Auctions MD Alex Wright

Cashflow is king as larger dealers pay premium for used car stock

Cashflow is quickly becoming king as larger car dealers and used car supermarkets pay well above market valuations to secure used car stock, according to Shoreham Vehicle Auctions (SVA) managing director Alex Wright.

21 Sep
The Peter Vardy-backed SilverBullet ecommerce online car retail platform

Agency model retail could free-up car dealers to pursue used car growth

Used car retail has long been an area of the market for retailers to show their entrepreneurial flair. But the focus on this area of the business could be even more important in the coming years.

Used vehicle retailing 11 Jun
Liam Quegan, managing director of Manheim Auction Services

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.

24 Sep
The cover of Autovista’s ‘Scenarios for residual value development in Europe for 2020, 2021 and 2022’ whitepaper

Ageing stock drives European used car retailers’ COVID-19 lockdown losses

Aging stock has been cited as the “main driver” of £1.6 billion losses incurred by Europe’s used car retail sector between the start of the COVID-19 coronavrius lockdown and mid-April.

13 May
A line-up of premium cars

BNP Paribas launch 'one stop' Arval stock funding platform

​BNP Paribas Personal Finance has teamed up with Arval to offer UK car retailers a “one stop shop” vehicle stocking product which will allow traders to purchase and finance used stock at the same time.

24 Sep
David Mercer

Secure Trust Bank launches stock, sale and repair funding service

Secure Trust Bank hopes to bring more independent and small franchised dealers on board after launching a new proposition blending wholesale finance, stock sourcing and consumer finance for car purchase and repairs.

4 Jun
Simon Baldwin operations director Nextgear Capital

NextGear Capital appoints Simon Baldwin as operations director

NextGear Capital has appointed Simon Baldwin to its leadership team as operations director.

17 May
Blue Motor Finance

Blue Motor Finance facilitates funding for independent dealers

Blue Motor Finance has launched a new tailored stock lending product to support small independent motor dealers.

10 Apr
Evolution Funding website

Evolution Funding expansion receives LDC investment

Evolution Funding has secured investment to support its expansion from mid-market private equity investor LDC, which will take a significant minority stake.

21 Feb

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.

10 Jan

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.

27 Nov
Liam Quegan, managing director of Manheim Auction Services

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.

6 Nov
Liam Quegan

Stock sourcing and funding

This short film from NextGear Capital looks at how car dealerships can find and fund great used vehicle stock.

29 May
Pamela Halliday NextGear Capital

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.

9 May
Liam Quegan, managing director, NextGear Capital

NextGear Capital launches StockMaster for ‘on-the-go stock management’

NextGear Capital has launched the ‘first mobile wholesale funding platform’ enabling dealers to manage stock on-the-go.

27 Feb
Pam Halliday, NextGear Capital

NextGear 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”.

8 Dec
Dealers' used car stock is on the rise

Stocking sector grows as wholesale market continues decline, reports Cox Automotive

Cox Automotive claims that a mixed market in October has resulted in an increase in retail and stock funding sectors as wholesale divisions continue to show signs of slowing down.

16 Nov

Santander and Manheim tie-up to ease dealers' stock funding process

Santander Consumer Finance is beginning a full national rollout of a wholesale stock funding facility for dealers at Manheim Auctions.

21 Sep

AM Live 2024 - register today

AM Awards 2024 - last handful of tickets available

AM Spotlight on customer experience and retention March 2024