CARMEL, Ind. -

NextGear Capital formed a partnership with AuctionACCESS on Tuesday, resulting in auctions having the capability to show dealers updated credit availability before they enter the lanes, both physical and online.

Officials also highlighted this automated system can allow auctions to quickly and efficiently originate floor plan transactions for their dealer customers.

NextGear Capital chief information officer Chris Brady said the new relationship demonstrates the continual efforts to improve and simplify services for their customers.

“NextGear Capital is constantly searching for ways to take our customers and their businesses to the next level,” Brady said. “This integration reflects that commitment by simplifying the buying process at the auction.”

With more than 240 auctions currently using the AuctionACCESS system, AutoTec president Chuck Redden contends that dealers will benefit with simplified and quicker access to auction lanes.

Redden added that the transmission of floor plan data and verification of credit availability benefits auctions, dealers and floor plan funding providers.

“We are excited to partner with NextGear Capital on providing automated credit availability to the auctions,” Redden said.

“This process will make it easier for NextGear Capital dealers to do business at the auctions, and this partnership is a big step in creating an industry-wide automated floor plan solution,” he went on to say.

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