TopMark Funding announced Tuesday it continues to experience remarkable growth in the commercial truck dealer space, exceeding its revenue goal of 35 percent quarter over quarter growth in the second quarter of 2021.
TopMark says the banner quarter netted 108 percent of the company's target, resulting in a 45 percent increase against Q1 performance. The company attributes its growth to both expansion of its sales team, strong product offerings, increasing brand awareness, a growing dealership network and improvement in the overall economy.
Additionally, TopMark's back-half of 2021 plan forecasts additional increase in sales personnel and strong revenue growth.
"The TopMark team is energized by the growth we're experiencing this year, both in exceeding sales goals and growing our senior talent. After the uncertainty that 2020 brought to the transportation industry, and the overall economy, it's nice to see and be part of its rebound," says co-founder Dan Summers.
"The continued investment in our sales team expansion underscores our commitment to support our rapidly growing dealerships' business with top talent. This is another step in our journey to become a significant originator in the transportation space," adds Co-founder Evan Lang.
Moving forward, TopMark says it is focused on continuing the growth and momentum that its dedicated sales team has delivered to date within its dealership network. In the past quarter, the company has increased its account executives by 15 percent and is on par to meet its goal of a 45 percent total increase in its sales force by the end of the year.
The company also plans to focus on expanding its footprint, growing its sales team and further enhancing its processes with added technology in the back half of the year. And dealerships can expect additional features within DealerLinc 2.0, which the company says it began developing in April and intends to roll out in the third quarter.