stock funding
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Latest News 5 Aug‘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.
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Technology 11 OctTie-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.
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Used Cars 21 SepCashflow 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.
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Used car 11 JunAgency 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.
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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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Used Cars 13 MayAgeing 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.
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Supplier News 24 SepBNP 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.
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Supplier News 4 JunSecure 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.
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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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Finance 10 AprBlue Motor Finance facilitates funding for independent dealers
Blue Motor Finance has launched a new tailored stock lending product to support small independent motor dealers.
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Supplier News 21 FebEvolution 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.
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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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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.
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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.
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Top tips 29 MayStock sourcing and funding
This short film from NextGear Capital looks at how car dealerships can find and fund great used vehicle stock.
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Supplier News 9 MayNextGear 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.
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Car Dealer News 27 FebNextGear 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.
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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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Market Insight 16 NovStocking 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.
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Supplier News 21 Sep
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.
