Celebrations for NextGear Capital

NextGear Capital announce strong year to date, bolstered by record figures and double award win

NextGear Capital Infographic

NextGear Capital, part of the Cox Automotive, is celebrating following an outstanding year to date.

In November, the company achieved the milestone of 200,000 vehicles funded since it launched in 2014, with the total value of vehicles exceeding £1.4 billion.

Pamela Halliday, Sales and Marketing Director at NextGear Capital, said: "NextGear Capital has seen outstanding growth over the past three years and to reach this milestone is a fantastic achievement for the company and all the team members involved."

"The automotive market has seen a pressured 2017, yet we have been able to help
over 1,350 dealers across the UK and Ireland purchase new inventory while freeing up their own capital to help enhance their businesses in other ways. We anticipate another record-breaking year in 2018 and are looking forward helping even more dealers to grow their businesses."

NextGear Capital is the leading provider of stock funding plans to the automotive industry. It provides dealers with a smart way to buy stock from a wide variety of sources, giving them greater flexibility and the freedom to transform sales and maximise profit.

Its client base, of more than 1,350 independent and franchise dealers, have 24/7 online access to their account which simplifies the buying process by providing the ability to view and fund vehicles won at auction all in one place.

The milestone in funding comes as NextGear Capital was recognised by the Instutue of Customer Service and awarded its prestigious ICS ServiceMark accreditation, which is a signal of outstanding customer and employee engagement and satisfaction.

Rosemary MacDonald, Customer Service Manager at NextGear Capital said: 'We have been working towards this accreditation for over 18 months and I couldn't be prouder of the team here. Customer Service is at the heart of everything we do and to be recognised for that is a fantastic achievement for the business."

Commenting on the accreditation, Jane Taylor from ICS ServiceMark said: "NextGear Capital has focused on ensuring that the service and human aspect of delivering a good customer experience is not compromised. It has shown ongoing commitment to improve its service and I am confident the Company will continue to focus on this."

The company also recently picked up the prestigious Best Specialist Commercial Lender award at the Commercial Finance Awards. The event, which recognises successes in leasing, asset finance and commercial lending, champion industry leaders who continue to raise standards within the sector. The win for NextGear Capital follows the GameChanger award received at the Car Finance Awards earlier in the year.

Download the infographic for yourself here

NextGear Capital Christmas Infographic.pdf

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