Santander expands remarketing partnership with Aston Barclay
Posted 2 July 2019
Santander Consumer Finance (UK) plc has expanded its remarketing partnership with Aston Barclay via the addition of monthly sales at its state-of-the-art Wakefield site.
The development, which builds upon the highly successful three-year remarketing partnership already in place at Aston Barclays’ Prees Heath site which achieved 100% conversion throughout 2018, will see a dedicated Santander Consumer Finance (UK) plc sale take place on the second Friday of every month at the Wakefield site. Each sale will include circa 50 high specification, ex-fleet vehicles.
Aston Barclay’s 78,000sqft ‘Northern Powerhouse’ is Europe’s most advanced vehicle auction centre with two glass-fronted auction halls, interactive screens and artificial intelligence (AI). The Wakefield site underpins Aston Barclay’s strategy of ‘connecting customers to cars and driving the future of remarketing’ through a mix of digital and state-of-the-art physical remarketing channels.
Santander Consumer Finance will use its expanded fleet sales to continue its monthly benchmarking of prices and market demand for its used stock which includes voluntary terminations, repossessions and ex- PCP and PCH cars.
Shaun Deacon, Head of Arrears Management, Santander Consumer (UK) plc, said, ‘We have been highly impressed by the success of our partnership with Aston Barclay to date with Prees Heath achieving 100% conversion rates on all stock entered into auctions during 2018.
‘This is an exciting opportunity and will ensure that not only can we attract new buyers but also that we can better manage our increased volumes of vehicles now being remarketed.’
Martin Potter, Aston Barclay’s group managing director, said, ‘Our partnership with Santander Consumer Finance at Prees Heath has proved highly successful and we are delighted to support the business as it continues to grow with additional sales at Wakefield. We very much look forward to working closely with the team to ensure the continued effective management of its business assets.’
The expanded partnership follows a successful three-month pilot at the Wakefield site.