Five questions with … NextGear Capital’s VP of portfolio management
Nicole Graham-Ponce, vice president of portfolio management at NextGear Capital, has spent much of her life around cars and has ...
Tag: NextGear Capital
5 questions with … Scott Maybee, president of NextGear Capital
Scott Maybee, president of independent dealer floorplan provider NextGear Capital, says floorplan financing and a “scrappy” attitude help dealers sell ...
Floorplan shuffle: Lenders bolster portfolios amid market opportunity
Floorplan financing is growing for some lenders even as others step back amid elevated interest rates on the heels of ...
Sopra Banking Software expands floorplan finance tech in US
Financial technology company Sopra Banking Software has expanded the capabilities of its floorplan financing software-as-a-service in the United States as ...
Independent dealer floorplan use remains steady
Floorplan use remains unchanged for independent dealerships amid low inventory but has increased for franchise dealers due to growing new-vehicle ...
Market volatility compresses independent dealer margins
Volatile market conditions are squeezing independent dealers’ profit margins amid high interest rates, low used inventory and the inflation-spurred higher ...
CarMax names EVP and other staff moves
Charles Joseph Wilson named EVP and COO at Carmax Used-car retailer CarMax announced last month that Charles Joseph Wilson is ...
Average flooring time dips for independent dealers
Independent dealers with floorplan lines of credit through NextGear Capital are logging a decrease in the average time that vehicles ...
