Trade to trade online auction site, Dealer Auction, which launched in 2010, broke through the £1billion vehicle sales mark in July.
The Cox Automotive owned platform serves nearly 1,500 franchised centres and over 4,500 independent dealers in the UK who are able to bid and buy cars that would never have been available to them historically.
Kieran TeeBoon, Operations Director said, “It is great to have reached this terrific milestone. In the past eight years, we have grown extensively to become the leader in the industry, achieving a significant 11.5% year-on-year growth.”
“When we launched in 2010, franchised dealers either sold trade-ins via physical auction or traded locally to a selection of just three or four traders. Dealer Auction has transformed the market and enabled franchised dealers to sell their trade cars on a national scale.”
He concluded, “We’re confident in the growth of the business and continue to innovate the auction site and improve the already great service and results for both our vendors and buyers. We look forward to the next phase, and the next billion.”
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