Online remarketing company, Autorola has teamed up with Hyundai Motor UK to provide its 160-dealer network with an online trade used car sales system.
Hyundai Autofind went live at the beginning of the month and opens up dealer stock to Autorola's network of trade buyers.
Autofind is designed to quickly turn unwanted used cars into cash, freeing up funds to replenish dealer forecourts with cars that better meet their own used car stocking strategy.
The process is monitored by Autorola at each stage, from checking the accuracy of the original vehicle description to generating and managing all sale paperwork.
Autorola's Autofind team market the vehicle for sale online and by phone, while it still remains for sale on the dealer's forecourt. It is only moved once the car is sold. Autorola's transportation service then delivers a car anywhere in the UK mainland for a fixed cost.
The car's sale proceeds remain in a free protected Escrow account until the new owner receives the car and is happy with it.
"We have been working with Autorola for a few years now and the development of Autofind will help dealers achieve a fast and efficient sale online for unwanted stock," explained Gary Spurdens, Hyundai Motor UK's remarketing manager.
"Used cars are very important to our dealer network and Autofind should help each site further streamline its overall used car sales strategy."
"Our overall used car approach states that anything over 18 months old and with more than 15,000 miles on the clock is sold on Autofind with anything younger being sold as part of our overall electronic dealer to dealer auction process," he added.
