Top 10 vehicles NextGear floor planned during first half of 2021
Information recently shared by NextGear Capital reinforced which vehicles are clearly the ones being stocked and retailed by independent dealers.
According to its industry data, six of the top 10 vehicles floor planned with NextGear during the first and second quarters of this year represented the two most popular vehicles in America — the Ford F-150 and the Chevrolet Silverado.
The company pointed out that midsize sedans, including the Nissan Altima and Toyota Camry, were included on the list, as well.
NextGear compiled the list based on an analysis of data of floor planning activity from more than 20,000 independent dealers. The top 10 vehicles floor planned with NextGear in the first half of 2021 included:
1. 2013 Ford F-150
2. 2014 Chevrolet Silverado 1500
3. 2018 Ford F-150
4. 2014 Ford F-150
5. 2014 Ram 1500
6. 2015 Chevrolet Silverado 1500
7. 2015 Nissan Altima
8. 2015 Chrysler 200
9. 2016 Ford F-150
10. 2018 Toyota Camry
“The pandemic has caused consumers to reevaluate their needs when it comes to purchasing used vehicles,”, NextGear industry intelligence manager Shane Pyne said in a news release.
“Trucks and midsized sedans are dominating the list which tell us that customers are factoring in both lifestyle and budget when shopping for used vehicles,” Pyne continued.
And independent dealerships are likely on a budget, too, and NextGear Capital said that’s when it can be of assistance.
The company acknowledged 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, NextGearsaid those vehicles are costing more than before.
NextGear president Scott Maybee explained the cash flow from floor plan financing is helping independent dealers stay competitive and act quickly to acquire the right inventory. As a result, NextGear dealer clients are securing some of the most sought-after vehicles on the market.
Dealers can use NextGear floor plans to finance both auction and non-auction purchases, helping them acquire the inventory they need to attract customers and grow their business.
“Sourcing inventory in a tight market requires independent dealers to have a plan in place to make smart buying and pricing decisions,” Maybee said in the news release. “Using a flexible floor planning strategy can make a dealer’s inventory work for them and stay competitive in any environment.”