Floorplan financiers report rise in dealer fraud
Floorplan financiers are facing an increase in fraudulent activity alongside an uptick in risky behavior and poor performance by dealerships. ...
Tag: NextGear Capital
NextGear Capital salvage, heavy-duty truck portfolios grow 51%
Independent dealer floorplan financing provider NextGear Capital’s salvage and heavy-duty truck businesses have gained steam as floorplan lenders saw growth ...
Westlake Flooring Services portfolio up 20%
Floorplan lenders saw a rise in volume in the first half of the year amid strong sales, but some are ...
Used-vehicle floorplan to see uptick ahead of tariffs
Used-vehicle floorplan financing could gain from tariff-induced tailwinds as dealerships prepare to shrink inventory. Floorplan lender NextGear Capital will benefit ...
Auto ABS issuances drop 37.2% YoY in May
As spreads widen and asset-backed securitization issuance declines, lenders are looking to long-term partners and funding diversification. Auto issuances dropped ...
NextGear extends flexible floorplan pricing
Floorplan financing provider NextGear Capital is expanding its flex pricing program to include vehicles beyond those purchased at Manheim auctions ...
Floorplan lenders see boost as banks pull back
Independent dealership floorplan financing providers First Business Bank and NextGear Capital’s floorplan financing portfolios have grown year to date as ...
Canadian dealers face higher costs, limited floorplan options
Canadian auto dealers facing higher floorplan costs are being strategic when it comes to supply on their lots as consumers ...
