Autorola has launched a new online remarketing service aimed to help vendors speed up the sale of stock that hasn’t sold first time under the hammer.
Unsold vehicles are immediately entered onto Autorola’s online selling platform to its 2,000 registered buyers.
“It’s a great example of how we can add value to physical auction without incurring any extra costs for the vendor or auction provider,” explained UK sales director Jon Mitchell.
“By putting a non sold vehicle on immediate sale to thousands of new online buyers avoids it having to wait another week or two to go through physical auction. In that time there may have been a drop in book values for that specific vehicle, losing the vendor hundreds of pounds.
“It also helps physical auctions move the car off their site quickly, where storage space can sometimes be at a premium,” he added.
The vehicle’s new owner becomes responsible for collecting the vehicle avoiding any new vehicle movement costs for either the vendor or auction provider.