Hyundai has teamed up with Autorola, to provide its 160-strong dealer network with an online trade used car sales system to enable it to sell its overage, duplicate and non-franchise used vehicles.
Called Hyundai Autofind, the online system went live on 9th January and opens up dealer stock to Autorola’s network of trade buyers.
Autofind aims to turn unwanted used cars into cash quickly, freeing up funds to replenish dealer forecourts with cars that best fit their individual used car stocking strategy.
The process is monitored by Autorola at each stage from checking the accuracy of the original vehicle description to generating and managing all sale paperwork - further providing peace of mind to online buyers.
Autorola’s Autofind team market the vehicle for sale online and by phone, whilst it still remains for sale on the dealer’s forecourt. It is only moved once the car is sold with Autorola’s transportation service delivering a car anywhere in the UK mainland for a fixed cost, thus keeping transaction costs and delivery miles to a minimum.
The car’s sale proceeds sit in a free protected Escrow account until the new owner receives the car and is happy with it, providing extra security and peace of mind to both buyer and seller.
“We have been working with Autorola for a few years now and the development of Autofind will help dealers achieve a fast and efficient sale online for unwanted stock,” explained Gary Spurdens, Hyundai Motor UK’s remarketing manager.
“Used cars are very important to our dealer network and Autofind should help each site further streamline its overall used car sales strategy.”
“Our overall used car approach states that anything over 18 months old and with more than 15,000 miles on the clock is sold on Autofind with anything younger being sold as part of our overall electronic dealer to dealer auction process,” he added.