NextGear Capital partners with Wilsons Auctions
Around two-thirds of NAMA members are now active partners with NextGear Capital. This is the impressive situation following the announcement that Wilsons Auctions have joined with NextGear Capital to offer stock funding facilities.
Wilsons Auctions is now the largest independent auction company in the British Isles, operating across mainland UK, in Northern Ireland and in the Republic of Ireland. It sees its partnership with NextGear Capital as a great match for its aim to meet the needs of its buyers and vendors and increase the throughput of vehicles, enabling these customers to accelerate the pace of remarketing.
“We see stock funding as an effective tool in helping us to increase our sales and customer base,” notes Peter Johnson, Group Operations Director, Wilsons Auctions. “The NextGear StockMaster platform is the clear leader in this area. Their stock funding service is available to customers to use online and at our auctions, when and where it suits them. It is the ideal added value service to support our needs and those of our buyers and thereby vendors as well.”
From July 6th, NextGear Capital customers have been able to add vehicles purchased at any of Wilsons Auctions UK sites to their Stocking Plan. Peter Johnson is confident that many existing buyers across Wilsons will be looking towards taking advantage of a NextGear Capital Stocking Plan. In addition, buyers already using a NextGear Capital Stocking Plan can now use it across Wilsons Auctions.
“We are delighted to welcome Wilsons Auctions as a partner. From Day 1 they are taking advantage of our new StockMaster technology, something which will help their buyers to add stock to their inventory plan where and when it suits them,” reflects NextGear Capital Managing Director David Mercer; “It is a strong ‘win win’ for both organisations that will enable both parties to better meet the needs of trade buyers and vendors to ensure we can support and accelerate the remarketing cycle.”