New disposal routes to market are helping to maintain values as the number of used cars available continues to grow, reports epyx.<\/p>\n
The company says that online platforms such as its own 1link Disposal Network \u2013 which has seen a 65% year-on-year increase in the numbers of vehicles sold – are helping to take the pressure off traditional disposal channels such as motor auctions.<\/p>\n
David Goodyear, commercial director at epyx, said: \u201cThe success of PCP and fleet sales in the last few years means that there are increasing volumes of cars entering the used market.<\/p>\n
\u201cIf these had all been pushed through motor auctions, for example, it is unlikely that the values that are being seen at the moment would have been maintained.<\/p>\n
\u201cHowever, the fact that there are now well-established but newer online channels available has helped to dilute the effect of what could easily have become market oversupply.\u201d<\/p>\n
David added that channels such as 1link Disposal Network were increasingly being used to repatriate vehicles into dealer networks by manufacturers, using 1link and through white label manufacturer branded sites.<\/strong><\/p>\n He said: \u201cWe work with a number on this basis and the results we achieve are excellent. Certainly, the values are often ahead of the industry price guides and the asset made liquid more rapidly.\u201d<\/p>\n David said that a key part of the success had been the introduction of complementary \u201cwraparound\u201d services that allowed vehicles to arrive in the showroom in retail condition.<\/p>\n \u201cSpeed is a key part of the proposition. If we can take a car from end of lease to the showroom in a ready-to-retail state in a matter of days rather than weeks, everyone in the supply chain wins.<\/p>\n \u201cThere are predictions that used volumes will continue to increase into the next year and we expect to see an ongoing growth in the number of vehicles sold through 1link.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"