NextGear Capital, a Cox Automotive company and provider of inventory finance solutions in North America, announced plans to expand into 30 additional markets across the U.S.
The company states its enhanced technology offerings, flexible terms and best-in-class customer service have led to an increase in customers, resulting in the need for additional markets.
As a result of this expansion, which shall be completed by the end of the third quarter, NextGear Capital will add 50 new employees that will include Account Executives and Regional Directors to support the company's customer base of over 20,000 dealers. These knowledgeable, local representatives will be responsible for maintaining and developing relationships with dealers at their place of business - whether it's on their lot or in the lanes.
"More and more dealers continue to choose NextGear Capital as their preferred floor plan provider for our unparalleled technology and our reputation of being a respected, consultative partner to dealers big and small," said Brian Geitner, president of NextGear Capital. "By expanding our market reach and adding more talented automotive professionals to our team, we can continue to help dealers do what they do best: sell cars."