Paragon Automotive has announced plans to expand its remarketing operation with the appointment of Jamie Scott.
The company says it has plans to grow its remarketing team of six over the coming months, with the operation to be based in Upper Heyford, Oxfordshire.
Scott joins the business as head of new business and strategy for remarketing. He will be responsible for working with OEMs and fleet operators to improve speed to market, maximise residual values, and protect brand values.
The move follows the company’s recent announcement of £4.7m in structured investments over the next 12 months to build further capacity and drive innovation into the supply chain.
He said: “Paragon is well positioned to drive innovation in the remarketing sector. As the UK’s leading provider of new, in-life and used vehicle services, we handle over 1m vehicles a year. We are uniquely placed to offer significant efficiencies by joining up the supply chain.”
Scott joins the business from Manheim, where he held a number of senior roles.
Ian Carlisle, chief executive officer of Paragon, said: “Our ability to remarket from the most optimum point in the supply chain sets us apart.
“We can begin the remarketing process from de-fleet, and shape our service to add refurbishment and imagery. This will significantly speed up the ability to sell cars earlier and positively impact on residual values.
He continued: “Jamie brings a wealth of experience to make these efficiencies happen for our customers. We are already trialling a new approach with a manufacturer that is making major reductions in the time between de-fleet and dealer forecourt.”