NextGear Capital Names Top 10 Floor Planned Vehicles of 2018 - AutoSuccessOnline

NextGear Capital Names Top 10 Floor Planned Vehicles of 2018

Learn which vehicles gained a larger share of the new car market in 2018, and which continued to show their value in the used car market.

While every dealer approaches inventory selection differently, floor planning data from last year highlights a set of common vehicles dealers found most appropriate to add to their lots. Trucks and sedans, which are typically practical and affordable options for customers, dominated the list of NextGear Capital’s Top 10 Floor Planned Vehicles of 2018.

While crossover utility vehicles (CUVs) and sport utility vehicles (SUVs) gained a larger share of the new car market in 2018, trucks and sedans continued to show their value in the used car market. The Ford F-150 and Chevrolet Silverado, the two best-selling new vehicle models last year in the U.S., also were popular on the used car side and topped the list of floor planned vehicles. Midsize sedans, including the Toyota Camry, Nissan Altima, Honda Accord and Ford Fusion, ranked highly too.

“Millennials are some of the biggest used-vehicle consumers, and price often factors heavily into their purchasing decisions,” said Shane Pyne, NextGear Capital industry intelligence manager. “At the moment, used sedans are generally more affordable, making them an attractive choice for budget-minded car shoppers. Trucks remain a popular and practical choice for customers, putting them high on the list for dealers to stock as well.”

 

The Top 10 Floor Planned Vehicles of 2018 in order were:

  1. Ford F-150
  2. Chevrolet Silverado
  3. Nissan Altima
  4. Toyota Camry
  5. Honda Accord
  6. Ford Fusion
  7. Honda Civic
  8. Toyota Corolla
  9. Jeep Wrangler
  10. GMC Sierra

NextGear Capital, a Cox Automotive brand and the largest independent inventory finance company in North America, compiled the list based on an analysis of data from more than 20,000 independent dealers. Dealers can use NextGear Capital floor plans to finance both auction and non-auction purchases, helping them acquire the inventory they need to attract customers and grow their business.

The list of NextGear Capital Top 10 Floor Planned Vehicles falls in line with data from Manheim, another Cox Automotive brand and a leading provider of remarketing services. While losing share in the new car market, midsize sedans and compact cars outperformed the wholesale used vehicle market last year in their value gains, a trend that has held through the first part of 2019, Manheim data shows.

For more information about floor planning, visit nextgearcapital.com.

You May Also Like

Tim Lamb Group Brokers Sale of Metro Toyota

The purchase of Metro Toyota marks Victory Automotive Groups’ 11th Toyota Dealership, previously owned by Jerry Schneider.

Photo credit: Metro Toyota

Steve Corle, director of the Plains Region for the Tim Lamb Group headquartered in Columbus, the largest auto dealership sales and acquisitions firm in North America, has brokered the sale of Metro Toyota in Ohio to Michigan based Victory Automotive Group.  Metro Toyota was owned previously by Jerry Schneider, sons Ken Scheider and Dan Schneider, Barry Greenfield and Jim Greenfield, sons of the late Dick Greenfield.  The dealership will now be called Victory Toyota of Brook Park. The dealership is located at 13775 Brookpark Rd, in Brook Park, Ohio.

Digital Custom Forms from Rapid Recon Simplifies Dealership Life

Digital documents are more secure and easier for personnel to find, and electronic storage ends paper document handling, physical storage and retrieval personnel.

Help Shape the Future of Dealership Technology

Your input is invaluable in understanding the evolving needs and preferences of automotive professionals toward emerging technologies.

Future Technology Survey
Honda North Receives the American Honda President’s Award

Honda North earns the Top Honda Dealership for the 16th time overall, an esteemed recognition of top Honda dealerships.

Rita Case Reaches Donations Milestone

The support highlights Rick Case Automotive Group’s ongoing commitment to the community and the American Heart Association.

Other Posts

Jeff Wyler Automotive Family Completes First 100% Online New Car Sale

This is the first U.S. dealership to offer a fully digital buying experience for new and used cars.

Ed Morse Automotive Group Acquires Illinois Dealership

Joining their roster as the seventh dealership in Illinois, this move signifies growth to over 2,500 employees and 49 locations.

Car Pros Honda El Monte Honored with Second Honda Masters Circle Award

Dealership recognized as one of the nation’s top 50 Honda dealerships.

CNA National Tops $28 Million in Dealer Distributions for 2023

Pay out reaches more than $712M in revenue from inception-to-date.