We are pleased to report that that the increased online activity at our physical auctions and online centre confirms the financial commitment was a worthy addition to our automotive remarketing solutions across the group in the last trading year.
MD Michael Tomalin states 'Our industry is changing in the modern era with professional motor retailers and dealer groups actively purchasing vehicles of all price ranges 24/7 through our online centre and proxy bid platform. We invested heavily in technology in recent months to ensure we provide our corporate vendors with a successful product to support the physical auction arena. The experts confirm smartphone activity is developing immensely with potential buyers looking to secure quality stock. We have now commenced specialist sale events for corporate vendors at our dedicated online centre for a 24 hour period to buy or bid now with a recent event for FCA Fleet Services being a major success for unsuccessful vehicles through the traditional auction route. The professional industry buyers can't be in two places at one time so the recent upgrade to the proxy bid system has been a game changer giving them the opportunity to leave maximum bids on physical sale vehicles whilst not in attendance. They are notified post sale if they are successful leaving them in the position to manage their retail dealerships or attend alternate auction events either physically or online'.