Scottish Motor Auctions is working on a valuation service for dealers where it values the car and guarantees that price at auction.
“We share the profits if it makes more,” says Bob Anderson, managing director.
The initiative has been on trial with a couple of big dealer groups for the past three months.
SMA is also looking at a stocking facility for buyers so they can put the vehicle on a stocking loan, for example, 60 or 90 days.
“Cash is tight but this will help dealers by providing a funding line,” says Anderson.
“We hope to launch this later this year.”