Demand for bulk, traceable vehicle parts is rising steadily inside and outside the UK, according to figures compiled by FAB Bundle, the first trade site for buying and selling of pre-owned components.
Up to 250 bundles a week are being listed through the site since its first live auction on December 9 , 2013, with growing interest from bodyshops, salvage agents, exporters, vehicle dismantlers, and reconditioners from across Europe and as far afield as Russia.
FAB Bundle’s delivery service has also proved very popular, with a number of positive customer comments.
Auctions this month saw almost 250 bundles - typically 12 or 13 dismantled car, LCV or other vehicle parts - weekly on offer.
At this start-up pace, FAB Bundle could transact the sale of more than 50,000 parts during its first year.
With 20 million mechanical vehicle repairs being undertaken in the UK since 2007, the potential market for pre-owned vehicle parts is clear.
Jason Cross, managing director of FAB Bundle, said: “I knew there was an appetite for bulk parts here in the UK, but am surprised at the interest from Europe and further afield.
“There is significant interest from vehicle dismantlers that now appreciate the fact they can make a very healthy margin by purchasing bulk recycled parts and not cars – and can buy what they need when they need it, professionally dismantled and then delivered door-to-door. ”
FAB Bundle supplies from vehicles aged 12 years or less, at wholesale prices.
To ensure traceability, only approved partner, licensed vehicle dismantlers are allowed to sell bundles, and all listings are personally screened and approved by FAB Bundle’s staff before they go to auction.
Each partner (seller) is also checked and approved by FAB Bundle’s customer services team to make sure they are adhering to FAB’s strict policies on vehicle dismantling processes.
How it works
Approved partners upload images and a vehicle description to one of 12 categories, which is checked by FAB Bundle, prior to going live.
Buyers have seven days from the auction start to complete a deal.
Trade buyers apply for an account and pay an annual registration fee. Once approved, buyers can bid for one or more bundles.
FAB or its partners dismantle the bundle before collection by the buyer, the latter can also opt for the parts to be delivered.
Listings fees and charges cover operational costs, delivery and storage. There is an annual registration fee of £45+VAT.