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NextGear Capital

NextGear Capital Expanding Into New Markets

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.

NextGear Capital Names VP of Credit

NextGear Capital announced the appointment of Patrick Inks to the role of vice president of Credit, where he will be responsible for the quality and consistency of NextGear's underwriting and credit processes.

NextGear Capital Opens Canadian Office

NextGear Capital, a Cox Automotive company, recently held a ribbon-cutting ceremony to recognize the grand opening of its new Canadian office in Mississauga, ON.

NextGear Capital Integrates KBB Values

NextGear Capital has added Kelley Blue Book Values to its myNextGear web and mobile applications, allowing customers to receive current market-reflective values at no added cost for new and used vehicles.

NextGear Capital Appoints New Senior Leadership

NextGear Capital, a Cox Automotive company, announced multiple senior leadership position appointments, including chief strategy officer, SVP - corporate operations, and SVP - field operations.

Manheim Raises More than $137,000 for Charity

The Manheim Pennsylvania wholesale vehicle auction hosted a gala and charity auction to benefit Save A Warrior to help the auction raise more than $137,000 for the Malibu, Calif., based organization that helps veterans “detox” from combat experiences.

NextGear Names VP of Canadian Operation

NextGear Capital, a Cox Automotive company, has announced the appointment of Roy Vandermeer to the role of vice president of Canadian Operations. Vandermeer will be responsible for the growth and management of NextGear Capital's Canadian division.

NextGear Closes $433-Plus Million Securitization

NextGear Capital, Inc., a provider of lending products and support services for the automotive remarketing industry, recently announced that NextGear Floorplan Master Owner Trust successfully completed the sale of $433.333 million of privately placed 144A Asset-Backed Notes, Series 2014-1.

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