The Car Buying Group builds its brand at auction with in-demand used stock
Posted 4 March 2019
The Car Buying Group (TCBG) is seeing the benefits of being part of the Aston Barclay group reporting 100% conversions at its recent Westbury and Donington Park auctions.
More than 150 used cars went under the hammer at three auctions ranging from an elegant 1984 Jaguar Sovereign which made £2,100 to a 2008 Audi TT with 48,000 miles on the clock which sold for £6,000. And with lot of Qashqais, Corsas, Fiestas, 3-series, RAV4s and 207s in between from £1500 - £10,000.
The cross section of stock which TCBG is buying direct online from the public is vast, and generally sits in the ‘up to £10,000 price band’, which is the area of the used market currently most in demand.
Aston Barclay’s most recent Used Market Insights report detailed that year-on-year prices rose by a massive 21.5% in the ‘Dealer Old Sector’ and the ‘Budget sector’ by a similar 19.5% over the same period. Fleet prices also rose by 6.5% from Q4 2017 to Q4 2018 so ex-fleet used car buyers should also be looking at TCBG as a source of new stock.
More used car dealers are now offering value price range cars for sale and with the move by some consumers towards older used cars currently with Brexit looming then TCBG has the stock to meet buyer demands in all sectors of the market from traditional Fleet style stock through to value price range stock satisfying a large proportion of the Used Car Retailers needs.
To make it easier for buyers TCBG has introduced a new tiering to all stock going under the hammer.
- Prime covers vehicles up to seven years old that are retail ready and prestige entries
- Value vehicles are over seven years of age at the value end of the market.
All TCBG vehicles are fully valeted and are offered with Aston Barclay Assured in the hall, online and on mobile.