Dealer-Auction.com goes live with NextGear Capital
NextGear Capital’s buy anywhere, anytime stock funding platform is designed for physical and digital auctions; indeed it can also be used to fund a dealer’s existing stock purchases as well. Now, the business’ highly original and distinctive approach can be used at NextGear Capital’s new auction partner Dealer-Auction.com, the UK’s largest auction site providing stock exclusively from franchised main dealers and dealer groups.
With a vendor base of over 600 franchised dealers, Dealer-Auction.com provides stock to selected dealers across the UK 24/7. Stock can be viewed and purchased through desktop, mobile and tablet platforms, something that NextGear Capital’s stock funding facilities can support with a few short clicks.
“On-line auctions are gaining momentum in all their formats as dealers seek to buy stock both on-demand to meet the needs of a particular buyer and to enable buyers to widen their sources of stock. With a credit line from NextGear Capital dealers can access dozens of auctions to buy stock. Now, we are absolutely delighted to have been selected by Dealer-Auction.com to partner with them to help their buyers to get the stock they need when they want it,” notes NextGear Capital Managing Director, David Mercer.
Gavin Smith, Managing Director of Dealer-Auction.com, is similarly enthusiastic about the new tie-up; “The unique NextGear Capital Approach provides an entirely new funding line for our buyers. With the stock purchased by the buyers on behalf of NextGear Capital, buyers can increase their stock levels, retail their purchases straight away and we get paid immediately at the drop of the electronic hammer. It is totally in line with our seamless philosophy to get stock to market quickly.”
The new partnership went live today.