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Online channel to take on auctions

A website at www.ukmotortrader.com wants to be a primary channel for leasing companies and dealers disposing of used cars. Dealers pay £35 per month.

Office manager Dave O'Keefe said: “Too many dealers still rely on auctions to source their cars. We expect 10% of the UK's 11,000 motor dealers to be involved with us within 12 months, and then we plan to expand into mainland Europe.”

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