John Fuller, founder of NextGear Capital, died Wednesday at age 75, the company announced. Fuller is known throughout the auto retail industry as an innovator in the floorplanning segment, having founded and sold Automotive Finance Corp. and Dealer Services Corp., the latter to Manheim.
Ready Logistics and NextGear Capital have added a new feature to their Transportation Financing program that makes it simpler for their auction clients to add transportation costs to their floor plans.
NextGear Capital and Ready Logistics have partnered to offer a new kind of transportation financing solution that will allow its clients to buy, floor, and transport vehicles through a single transaction, according to a company announcement.
NextGear capital has named Lisa Mackie as its vice president of sales, a newly created a new position to support future growth in the inventory-financing sector, according to a company announcement.
NextGear Capital honored four independent auctions during its fourth annual Auction Partners Awards ceremony for their services toward growing and supporting the overall industry and their communities.
Manheim’s dealer-only “Cargaritaville” regional auction will offer more than 40,000 used vehicles. This third annual event is expanding beyond its traditional Florida locations to other regions in the Southeast, including Alabama, Georgia, North Carolina, South Carolina, and Tennessee.
Effective immediately, Brian Geitner will report to Sandy Schwartz, president of Cox Automotive.
This expansion is the result of the Cox Automotive company's rapid success of its UK stock funding program and the positive economic outlook for Ireland.
The company plans to make investments exceeding $50.88 million to lease and renovate its corporate offices in Carmel, Ind., to support its growing customer service and technology divisions as well as upgrade its technology infrastructure and software.
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