NextGear Capital, the world's leading provider of lending products for the automotive remarketing industry, announced today a new floor planning integration with AuctionACCESS, the industry leader in dealer credentialing services. This announcement, which comes on the heels of a credit line availability integration between the two companies, will allow auctions to quickly and efficiently originate floor plan transactions for their dealer customers.
"NextGear Capital is continually searching for ways to take our customers and their businesses to the next level. This integration reflects that commitment by simplifying the buying process at the auction," said Pete Grupposo, vice president of operations and business development at NextGear Capital.
With more than 240 auctions currently using the AuctionACCESS system, dealers will benefit with simplified and quicker access to auction lanes. In addition, auctions will have access to the dealer's credit availability, streamlining the buying process on their end and helping dealers to floor their vehicles more quickly. The transmission of floor plan data and verification of credit availability benefits auctions, dealers and floor plan funding providers.
"Auctions can now automate the entire floor plan process with NextGear Capital, creating significant benefits for auctions and dealers," said Donna Dukes, vice president of AutoTec Customer Support. "We are excited to partner with NextGear Capital as we continue to create a more efficient platform for floor plan data."