OneZone Chamber of Commerce recently released its Business Excellence Awards winners. Carmel-based NextGear Capital won the Large Business of the Year award and will be recognized with the other award winners during a luncheon at 11 a.m. Jan. 26 at 502 East Event Centre in Carmel.

“NextGear Capital does so much for our communities, region, and across the country,” OneZone President Jack Russell said. “Their success and growth has been incredible and we are excited to highlight them as this year’s Large Business of the Year.”

NextGear Capital is the automotive industry’s largest independent finance company, established in 2013 after a merger between Dealer Services Corporation and Manheim Automotive Financial Services. The company, which employs over 700 team members across the U.S., offers flexible lines of credit for independent dealers to purchase used vehicles at over 1,000 wholesale auto auctions.  NextGear Capital serves 19,000-plus contracted auto dealers in North America and offered $17.3 billion in floorplan financing to independent auto dealers in 2021.

“I am honored to accept this award on behalf of our 700-plus team members who are guided by our “All In, All Win” philosophy when it comes to our company and our clients,” said Scott Maybee, president of NextGear Capital.  “We are all committed to the success of independent auto dealers and to making positive differences within our community.” 

During the pandemic period, NextGear Capital launched a series of new initiatives, including a floor plan product called Flex Pricing that gives dealers greater cash flow to invest back into their businesses by reducing the principal paydown rate per period. As a result of positive feedback from dealer clients, this program will be enhanced this year. In addition, as clients are conducting more business via digital channels, the company is evolving Account Portal, its account management platform, that helps dealers manage their day-to-day operations. This self-service tool provides them with real-time status of their accounts, including analytics, payment history and title management.

For more on the winners or to register for the Business Excellence Awards luncheon, visit