Fleet News

Motability signs up Cars Direct for sales

MOTABILITY Finance Limited (MFL) has decided to sign up Cars Direct for regular disposals of some of its 400,000 vehicle fleet following good results from trial sales.

The Northampton-based fleet remarketing group started holding MFL sales in April, after MFL started disposing of vehicles on which it carries residual value risk. Lee McCombie, MFL national trade sales manager, said: 'After a couple of trial sales we were impressed with the results and signed up Cars Direct for two sales a month going forward.'

MFL remarkets about 140,000 vehicles a year and auctions make up a key route to market. McCombie added: 'Based on the performance so far, Cars Direct will be one of our preferred options for auction sales.'

Cars Direct promotes a 'hammerless auction' sale with dealers competing for cars using sealed bids. It claims this often secures a better price for vehicles.

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