CARMEL, Ind. -

NextGear Capital recently announced plans to expand into 30 additional markets across the U.S. The company indicated that its enhanced technology offerings, flexible terms and customer service have led to an increase in customers, resulting in the need for these additional markets.

As a result of this expansion, which the company projects to be completed by the end of the third quarter, NextGear Capital will add 50 new employees that will include account executives and regional directors to support the company's customer base of more than 20,000 dealers.

NextGear Capital emphasized these knowledgeable, local representatives will be responsible for maintaining and developing relationships with dealers at their place of business — whether it’s on their lot or in the lanes.

"More and more dealers continue to choose NextGear Capital as their preferred floor plan provider for our unparalleled technology and our reputation of being a respected, consultative partner to dealers big and small,” NextGear Capital president Brian Geitner said.

“By expanding our market reach and adding more talented automotive professionals to our team, we can continue to help dealers do what they do best: sell cars,” Geitner continued.

NextGear Capital already boosted its workforce by adding 100 new employees through the first six months of the year to its in-house technology team while also integrating Kelley Blue Book Values to its myNextGear Web and mobile platforms.

Recently, the company received the IT Services for Business Mira Award from TechPoint, Indiana's technology growth initiative. NextGear Capital was honored for its development and implementation of a proprietary ERP/CRM mobile platform.