Floor Plan-Related Content | Cox Automotive Inc.

NextGear Capital Partners with Manheim to Enhance its Flex Pricing Program 02/10/2022 ATLANTA (Feb. 10, 2022) – To further improve cash flow for independent dealers to invest back into their businesses, NextGear Capital is introducing a new element to Flex Pricing, a floor plan program that offers .01% principal reduction per period and fewer fees. Now, Flex Pricing will offer additional payment deferments on vehicles purchased from Manheim. “This new element to Flex Pricing combines the power of… Read Article

Floor Plan Press Releases

Drive Dealership Profitability & Growth by Speeding the Process from Auction to the Lot 10/02/2018 Infusing speed and efficiency into the wholesale-to-retail process — from inventory identification, acquisition and floor-planning to inspection, transportation and merchandising — is not only a way to increase inventory turn, but it's also a particularly effective and increasingly necessary way that progressive dealerships can help overcome margin compression. As used retail gross margin has steadily declined from 13.7% in 2011 to 11.7% in 2017 (exacerbated by… Read Article

Floor Plan Acquisition Wholesale Reconditioning Logistics Operations Inventory

Independent Dealer Chooses the Right Floor Plan Partner to Grow & Prosper 08/22/2017 Case studies from NextGear Capital are designed to illustrate how various types of auto dealerships across the country are using lending products, tools and technology to transform their operations. This case study looks at how an independent dealer evaluated competing floor plan providers and decided to partner with NextGear Capital to solidify business and fuel expansion to become a strong multi-location regional competitor. You can learn more about… Read Article

Floor Plan Case Study Inventory

Three Floor Plan Finance Formulas Every Dealer Should Know 07/25/2017 Owning and operating a profitable dealership with efficient cash flow all comes down to balancing that cash flow with current inventory. Knowing the answers to three floor plan finance formulas will help ensure your dealership is effectively managing current inventory and cash flow. How much inventory should you stock? The answer varies based on realistic, monthly desired sales numbers and turn times. For example, let’s say… Read Article

Floor Plan Inventory