Irish firm WCA has described its first grey imports auction, held in Durham, as an outstanding success after achieving a conversion rate of around 80%.

Anthony O'Farrell, managing director, said: “We believe this is a great opportunity for dealers who now don't have to travel all the way to Dublin to buy. With SVA already done and VAT and Duty included in the price, all they have to do is register the vehicle and it is ready for sale immediately.”

WCA intends to hold an auction at Durham every fortnight, and has not ruled out expanding to other auction sites around the country.