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SMA unveils ‘unique stock funding facility’

Independent motor auction group SMA Vehicle Remarketing has launched a new stock funding option for used car dealers.

The company says it is trying to alleviate the problem of dealers having their overdraft and stock funding lines reduced or withdrawn in the aftermath of the credit crunch.

Following a series of digital options to help dealers access just in time stock, from 1 March dealers purchasing stock at SMA auction centres should ask about the ‘unique stock funding facility’ provided through an ‘exclusive new arrangement’ with Vehicle Stocking Limited.

SMA managing director, Bob Anderson, commented: “We know that many of our buyers have found access to stock funding monies hard over recent years.

“This has made it challenging for them to source the levels of stock that they would like to carry. We have worked hard to help dealers and this latest innovation demonstrates our continued commitment to customers.” 

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