Tag: NextGear Capital

Financial technology company Sopra Banking Software has expanded the capabilities of its floorplan financing software-as-a-service in the United States as ...

Floorplan use remains unchanged for independent dealerships amid low inventory but has increased for franchise dealers due to growing new-vehicle ...

Volatile market conditions are squeezing independent dealers’ profit margins amid high interest rates, low used inventory and the inflation-spurred higher ...

Charles Joseph Wilson named EVP and COO at Carmax  Used-car retailer CarMax announced last month that Charles Joseph Wilson is ...

Independent dealers with floorplan lines of credit through NextGear Capital are logging a decrease in the average time that vehicles ...

Floorplan-backed securitizations all but disappeared in 2021. Nextgear Capital was the sole floorplan securitizer with a single $500 million transaction ...

NextGear Capital President Scott Maybee‘s approach to business and leadership are one and the same: Provide clients and team members ...

Editor's note: This article first appeared in the April edition of the magazine, available now. After a decade of exponential ...