CD Auction predicts green dividend with fewer vehicle movements

CD Auction claims the remarketing process is changing as fleets and dealers demand fewer vehicle movements for environmental reasons and to cut costs.

The auction company predicts volumes of vehicles sold off-site will soar to 50% of vehicles sold in 2020.

The company saw off-site sales reach 25% of its total sales volume in December 2019.

Andy Brown, managing director at CD Auction Group said: “With the latest imaging technology and improvements in data, a vehicle can be added to a virtual auction from anywhere in the UK.

“The approach radically shortens the time from defleet to sale and cuts CO2 by removing multiple transport moves. It is proving popular with fleets of all sizes, and our buyers appreciate instant access to stock.”

CD Auction works with fleets to find the most efficient route to market using onsite sales in physical auction, remote sales at third party sites and off-site sales at any location. Its off-site sales achieve the same conversion rates as a traditional physical auction.

CD Auction has developed a digital passport for each vehicle that uses high-quality images and comprehensive data to give buyers confidence.

The company estimates it is saving up to five vehicle movements from the defleet and remarketing process, which provides a greener approach. It has invested in its technology platform that allows for vehicles to be inspected and sold from any location.

The CD Auction platform is available from all SMH Group sites across the UK to create a national network of fast-track defleet and remarketing hubs.