NextGear Closes On $433.3 Million Securitization

NextGear Capital Inc., a provider of lending products and support services for the automotive remarketing industry, recently announced that NextGear Floorplan Master Owner Trust successfully completed the sale of $433.3 million of privately placed 144A Asset-Backed Notes, Series 2014-1.  Rated by Moody’s and DBRS, the securitization transaction included the issuance of $400 million of “Aaa/AAA” […]

RVDA’s Board Elects John McCluskey Chairman

John McCluskey of Florida Outdoors RV in Stuart, Fla., was elected chairman of the Recreation Vehicle Dealers Association (RVDA) during the organization’s Annual Meeting at the 2014 RV Dealers International Convention/Expo in Las Vegas. In his remarks to the membership McCluskey said, “I have nothing but confidence in our future. When our industry gives consumers what they […]

Debbie Brunoforte Earns Prestigious JBS Award

The Recreation Vehicle Dealers Association (RVDA) board honored Debbie Brunoforte of Little Dealer, Little Prices of Mesa, Ariz., with the organization’s highest honor, the James B. Summers Award (JBS) on Wednesday (Nov. 13) at the organization’s Annual Meeting in Las Vegas. According to a press release, Brunoforte was recognized for her long-term service to RVDA, […]

‘Great American RV Show’ Reports Steady Sales

GS Media & Events hosted its first-ever Great American RV Show at the Georgia International Horse Park in Conyers Nov. 5-9, designed to create an additional buying and selling season for dealers and customers during a time when traffic is historically slower.  According to a press release, three of the area’s major RV dealers participated in the […]