Even as CAP soars, Aston Barclay sees vehicles punching way above market value
Posted 16 June 2021
Since April, vehicles have been reaching record prices, as CAP struggles to keep up with the pace of the market. However, even towards the end of May, vehicles sold through Aston Barclay achieve 102% across all sectors, with Fleet stock hitting more than 110%.
Even with these high prices, 1st time conversions have been at record highs, with the late & low stock achieving 97% first time conversion - a figure not previously seen at the auction house.
Vehicle vendors have been moving reserves in line with the market to ensure the most value can be achieved against every vehicle, but even reserve prices have not been as strong as the market, with vehicles achieving an average of 103% across all customers.
As the market remains hot, ensuring capital flows quickly is essential as firms look to quickly replace stock to make that next sale. Aston Barclay remains resolutely committed to helping their partners really capitalise on the buoyant market and have used process improvements built during lock down to reduce the average days to sell to be as low as five days, with payment made back to them within another two.
Aston Barclay's Martin Potter, Managing Director - Customer said: "Now more than ever our vendor customers are looking to us to maximise their profits and cashflow. While Aston Barclay is not the biggest vehicle remarketing business in the UK, we are nimble when it comes to auction houses able to cope with large volumes of stock.
"That covers every touch point we have with our customers' vehicles - from collection to payment - Aston Barclay has taken its learnings from Covid and are now passing along the benefits of a completely reimagined way of remarketing vehicles straight to its customers."
To find out how we can help your own vehicle remarketing KPIs soar, get in touch with our dedicated team.