Best used car stock now ‘largely offered online’

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The Very Best used vehicle stock has become largely being offered online inside a ready-to-retail condition to dealers, reports Epyx.

The organization, which operates the 1link Disposal Network e-commerce platform, has become visiting a companies try and recondition and re-sell their defleeted stock. As further PCP stock returns to promote, they are predicting this trend is only going to increase.

Epyx commercial director David Goodyear stated: ‘There are ever bigger figures of PCPs along with other leasing returns visiting the marketplace which has needed manufacturers and leasing companies to re-think their method of disposal in certain important ways.

‘What there has been is really a concerted effort to defleet, recondition and re-sell stock as rapidly as you possibly can, generally in days instead of days, to be able to release capital quickly and meet growing dealer interest in ready-to-retail cars and vans.

‘The the easy way do that is online, purely because the operation is considerably faster than delivering the vehicle to some traditional auction, and potentially places the automobile before a lot more buyers.

‘There isn't any question within our minds the best stock has become largely being offered online.’

Goodyear added that almost all stock now offered at physical auctions were rather of lesser quality.

He described: ‘While you will find exceptions for example certain specialist sales, the overall standard of stock offered through traditional channels is not really good with on the internet and is priced accordingly.

‘I think that what there has been happen, as accessibility to stock increases, is definitely an growing stratification from the market as individuals selling cars seek the most effective solutions.

‘The best, fastest-to-sell stock experiences online channels and below which are different amounts of quality using the poorest showing up in general auctions.’

1link Disposal Network can be used by manufacturers and fleets to handle online the selling of defleet stock to traders and dealers through a multitude of channels including on the internet and auctions.

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