CD Auction Group is launching a regular monthly sale focused on high quality, late-plate cars.
The specialist sale is a response to the national shortage of late-plate stock and will be an addition to CD Auction Group’s regular vehicle sale programme which, until now, has focused mainly on typical three-year old, ex-fleet and business finance cars and vans.
Roger Woodward, managing director of CD Auction Group, said: “Dealerships up and down the country are telling us they are desperate for late-plate stock which is becoming increasingly hard to source.
However, we are confident we have a good supply of high quality vehicles coming from car manufacturers, short cycle leasing companies and rental stock.
“We expect these cars to be ideal for franchised dealership forecourts, leading used car independents and major used car supermarkets.
"They have been starved of late-plate stock as some carmakers have cut back production to meet demand and reduced the number of short cycle cars in the market.”
The first sale will take place in late-February with over 100 cars available for bids and CD Auction Group hopes to grow the business to the point where it justifies two sales a month.
The auction stock will be cars up-to 18 months old and with a typical average mileage of 10,000 miles recorded.
Although the vehicles in the sale are nearly-new, they will all be fully described by CD Auction Group’s condition reports and high quality digital photographs.
“In the online world, it is vital that you build confidence between the vendor and the buyer,” says Woodward.
“We are so confident of our descriptions that we guarantee them. What you see is what you get, or we will rescind the sale.”