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Dealer-Auction goes live with NextGear Capital

Kingfisher has completed the integration of Dealer Auction’s UK website with NextGear Capital’s funding platform. The new facility allows Dealer Auction buyers to fund vehicles using their NextGear Capital funding plan at the click of a mouse.

With a vendor base of over 600 franchised dealers, Dealer-Auction.com provides stock to selected dealers across the UK 24/7. Stock can be viewed and purchased through desktop, mobile and tablet platforms, something that NextGear Capital’s stock funding facilities can now fully support.

“On-line auctions are gaining momentum in all their formats as dealers seek to buy stock both on-demand to meet the needs of a particular buyer and to enable buyers to widen their sources of stock. With a credit line from NextGear Capital dealers can access dozens of auctions to buy stock. Now, we are absolutely delighted to have been selected by Dealer-Auction.com to partner with them to help their buyers to get the stock they need when they want it,” notes NextGear Capital Managing Director, David Mercer.

Gavin Smith, Managing Director of Dealer-Auction.com, is similarly enthusiastic about the new tie-up; “The unique NextGear Capital Approach provides an entirely new funding line for our buyers. With the stock purchased by the buyers on behalf of NextGear Capital, buyers can increase their stock levels, retail their purchases straight away and we get paid immediately at the drop of the electronic hammer. It is totally in line with our seamless philosophy to get stock to market quickly.”

Ian Fisher, Managing Director of Kingfisher Systems states “Over the last eighteen months we have developed a number of integration points for NextGear Capital, while simultaneously we have built a new website for Dealer Auction. Bringing these two clients together from a systems point of view is the logical next step.”

The new partnership went live today.