NextGear Capital Reports Top 10 Floor Planned Vehicles During First Half of the Year
Independent dealers are securing sought-after vehicles
despite tight inventory

CARMEL, Ind. (August 10, 2021) – Independent dealers are facing more competition for less inventory in today’s post-pandemic wholesale marketplace. Then, when they find vehicles that meet their acquisition strategy, they are costing more than before.

The cash flow from NextGear Capital’s floor plan financing is helping independent dealers stay competitive and act quickly to acquire the right inventory. As a result, dealer clients are securing some of the most sought-after vehicles on the market. According to industry data, six of the top 10 vehicles floor planned with NextGear Capital in Q1 and Q2 2021 represent the two most popular vehicles in America: The Ford F-150 and the Chevrolet Silverado. Midsize sedans, including the Nissan Altima and Toyota Camry, ranked high, as well.

“Sourcing inventory in a tight market requires independent dealers to have a plan in place to make smart buying and pricing decisions,” said Scott Maybee, president of NextGear Capital. “Using a flexible floor planning strategy can make a dealer’s inventory work for them and stay competitive in any environment.”

The top 10 vehicles floor planned with NextGear Capital in the first half of 2021 were:
2013 Ford F150
2014 Chevrolet Silverado 1500
2018 Ford F150
2014 Ford F150
2014 Ram 1500
2015 Chevrolet Silverado 1500
2015 Nissan Altima
2015 Chrysler 200
2016 Ford F150
2018 Toyota Camry

“The pandemic has caused consumers to reevaluate their needs when it comes to purchasing used vehicles,” said Shane Pyne, NextGear Capital industry intelligence manager. “Trucks and mid-sized sedans are dominating the list which tell us that customers are factoring in both lifestyle and budget when shopping for used vehicles.”

NextGear Capital, a Cox Automotive brand and the largest independent inventory finance company in North America, compiled the list based on an analysis of data of floor planning activity from more than 20,000 independent dealers. Dealers can use NextGear Capital floor plans to finance both auction and non-auction purchases, helping them acquire the inventory they need to attract customers and grow their business.

About NextGear Capital
NextGear Capital is the largest independent inventory finance company in North America, providing flexible lines of credit for dealers to purchase new and used inventory at over 1,000 auto and specialty auctions and other inventory sources throughout the United States. The company’s products and services allow dealers to floor plan nearly any type of remCARMEL, Ind. (August 10, 2021) – Independent dealers are facing more competition for less inventory in today’s post-pandemic wholesale marketplace. Then, when they find vehicles that meet their acquisition strategy, they are costing more than before.

The cash flow from NextGear Capital’s floor plan financing is helping independent dealers stay competitive and act quickly to acquire the right inventory. As a result, dealer clients are securing some of the most sought-after vehicles on the market. According to industry data, six of the top 10 vehicles floor planned with NextGear Capital in Q1 and Q2 2021 represent the two most popular vehicles in America: The Ford F-150 and the Chevrolet Silverado. Midsize sedans, including the Nissan Altima and Toyota Camry, ranked high, as well.

“Sourcing inventory in a tight market requires independent dealers to have a plan in place to make smart buying and pricing decisions,” said Scott Maybee, president of NextGear Capital. “Using a flexible floor planning strategy can make a dealer’s inventory work for them and stay competitive in any environment.”

The top 10 vehicles floor planned with NextGear Capital in the first half of 2021 were:
2013 Ford F150
2014 Chevrolet Silverado 1500
2018 Ford F150
2014 Ford F150
2014 Ram 1500
2015 Chevrolet Silverado 1500
2015 Nissan Altima
2015 Chrysler 200
2016 Ford F150
2018 Toyota Camry

“The pandemic has caused consumers to reevaluate their needs when it comes to purchasing used vehicles,” said Shane Pyne, NextGear Capital industry intelligence manager. “Trucks and mid-sized sedans are dominating the list which tell us that customers are factoring in both lifestyle and budget when shopping for used vehicles.”

NextGear Capital, a Cox Automotive brand and the largest independent inventory finance company in North America, compiled the list based on an analysis of data of floor planning activity from more than 20,000 independent dealers. Dealers can use NextGear Capital floor plans to finance both auction and non-auction purchases, helping them acquire the inventory they need to attract customers and grow their business.

About NextGear Capital
NextGear Capital is the largest independent inventory finance company in North America, providing flexible lines of credit for dealers to purchase new and used inventory at over 1,000 auto and specialty auctions and other inventory sources throughout the United States. The company’s products and services allow dealers to floor plan nearly any type of remarketed unit in automotive retail, wholesale, salvage or specialty. With a customer base of more than 20,000 dealers, NextGear Capital also provides a robust array of services and support that allow dealers to acquire and sell more inventory, including state-of-the-art online and mobile account management tools, title services, records management and collateral protection. Headquartered in Carmel, Indiana, NextGear Capital is a Cox Automotive™ brand. For more information, visit www.nextgearcapital.com. arketed unit in automotive retail, wholesale, salvage or specialty. With a customer base of more than 20,000 dealers, NextGear Capital also provides a robust array of services and support that allow dealers to acquire and sell more inventory, including state-of-the-art online and mobile account management tools, title services, records management and collateral protection. Headquartered in Carmel, Indiana, NextGear Capital is a Cox Automotive™ brand. For more information, visit www.nextgearcapital.com.