Stock funding supplier NextGear Capital has achieved a record-breaking first quarter in 2018 after providing £200 million in funding to UK customers.
The finance arm of Cox Automotive provides stock funding plans to independent and franchised dealers and has funded more than 28,000 vehicles so far this year, a rise of 15.6% year-on-year.
Pamela Halliday, sales and marketing director, NextGear Capital, said: "We've had an extremely strong start to the year and we are delighted to have been able to support more than 1,400 dealers across the UK and Ireland.
“It is fantastic to see that more and more dealers are choosing this route for their stock management.”
The record breaking quarter follows NextGear Capital's Institute of Customer Service accreditation last year.
