FLAG signs up to NextGear Capital auction partner network

  • FLAG signs up to NextGear Capital Stocking Plan
  • Stocking Plan helps used vehicle dealers increase, upgrade or diversify stock profile
  • FLAG anticipates strong demand from independent used LCV dealers
“The used vehicle industry has been waiting for a highly effective wholesale stocking concept for a long time,”  is how Andrew Walker, managing director of The Fleet Auction Group (FLAG) has described the launch of NextGear Capital UK Ltd’s used vehicle Stocking Plan.

FLAG has recently signed up to join NextGear Capital’s auction partner network which provides the auction house with swift electronic payments and used vehicle dealers with access to a stocking plan which helps increase, improve and diversify their stock.

“NextGear Capital is able to support the used vehicle businesses that have found it difficult to secure funds to grow their businesses in tough economic conditions,” explained Walker.

“Our dealers can now take advantage and react to buying opportunities as they arise. They will be buying better stock and more of it, and if a used car isn’t selling they can trade out of it quickly,” he added.

FLAG is now set up to process purchases from NextGear Capital buyers at its Coalville site.

“It widens our product offering available to dealers to include stocking, which we have not been involved in before. It supports our aim of providing the industry with a one stop remarketing proposition.

“Our commercials business also anticipates a strong take up from independent dealers to support the market’s ongoing demand for used vans,” he added.