BLOG: Stock More and Sell More in Q4 - NextGear Capital UK
Our ultimate goal is to help our dealers and their business make more profit! As part of our commitment to bring you ‘More in Q4’ we’ve been helping our customers have more choice and more stock than ever!
According to the CAP October Dealer Survey*, 52% of respondents indicated that stock availability has increased since September. Whilst this is likely to have been helped by the recent plate change, the news is still welcoming. The concern however, is that over half of those surveyed thought footfall and consumer/retailer demand has worsened. This highlights the fact that sourcing the right stock for your forecourt is essential to attract new customers, which could include diversifying your stock profile.
Having more stock available
Knowing when to exploit an opportunity is difficult, do you do it when business is booming or when business is quiet? Increased stock availability in the market means you could get your hands on fresh stock, more vehicles and attract new customers. If research shows footfall is decreasing then the pressure to convert every sale is increasing. Our dealers have found that using a NextGear Capital Stocking Plan has helped increase conversions as they are able to stock more and therefore sell more.
Savvy Stock Sourcing
The UK’s vehicle remarketing network offers a vast amount of stock being sold on a weekly basis, the question is how to maximise on this increased stock availability throughout Q4 whilst also getting the best deal? If you’re unable to attend an auction or are looking to source stock from further afield, the majority of auctions offer an online bidding facility enabling you to bid and buy on the go. Additionally, if you have a customer looking for a particular vehicle, sign up for vehicle alerts so you’re not missing out on a sale!
Overall, shopping around means you have more choice and the chance to find the right stock to benefit your dealership. With our partnership with over 80% of the UK’s auctions we can help too, giving you access to new stock and opportunities that may have seemed out of reach.
Stock More, Sell More
If you are looking for some flexibility when sourcing your stock, using a NextGear Capital Stocking plan will allow you to try something different as you are only charged for what you use, when you use it and with our local Account Executives and Customer Service team on hand to help you every step of the way, what’s stopping you?
Thanks for reading!
Regional Sales Manager