Fleet News

New stock funding available to use at CD Auction Group

CD Auction Group has signed an agreement with fast-growing wholesale Stocking Plan provider NextGear Capital, to offer buyers a new and innovative way to pay for vehicles bought through the Cars Direct online auction.

The agreement means that dealers buying through Cars Direct can opt to set up a Stocking Plan with NextGear Capital and use it to fund vehicles, giving them the chance to increase, upgrade or diversify stock as well as improve cash flow.

CD Auction Group is the first fully-online auction company to partner with NextGear Capital and the Stocking Plan will be available for purchases through Cars Direct in the next few weeks. CD Auction Group is planning a special promotion sale for the launch.

Andy Brown, managing director at CD Auction Group said: “We’re pleased to be partnering with NextGear Capital to offer our buyers access to a stocking plan that will enhance their online auction experience with us. It will help them to stock more and, ultimately, sell more.

“The NextGear Capital Stocking Plan is cost effective, flexible and easy to manage. It also has some exciting options that could make a real difference to a dealer’s business and profitability.”

David Mercer, managing director of NextGear Capital, added: “We would like to welcome CD Auction Group as our latest auction partner. It’s an exciting development as CD Auction Group will be the first fully online auction to join the NextGear Capital auction partner network. We look forward to working with CD Auction Group and its buyer customers over the coming months”.

 


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