Fleet News

Trade-only sales paying dividends for Fleet Auction Group

THE Fleet Auction Group claims its 'trade-only, no cash-sales' policy is attracting quality stock which in turn is attracting trade buyers with real spending power.

Group chief executive officer Andrew Walker said: 'While we could always use more late registered, low mileage vehicles, fleet vendors can see that trade-only auctions are bringing back buyers from the main franchise dealers. This means they are seeing better prices on the day.

'There certainly seems to be an increase in quality stock, which is encouraging buyers back into the market. We are being offered a good variety of vehicles which also attracts a wider audience and, in turn, helps fleet residual values,' Walker added.

The Coalville-based remarketing group says last month's twice-weekly car auctions saw an average of 27% of the stock with under 20,000 miles on the clock, and 43% of the vehicles under two years old, with 91% of vehicles making or exceeding CAP clean prices.

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