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CD Auction restarts used car sales activity

CD Auction Group, Corby

CD Auction is re-starting used cars sales across its operations with immediate effect, amid relaxed lockdown measures introduced by the Government earlier this week.

The company reopened on Wednesday (May 13) with limited staff and held a commercial sale on Thursday (May 14).

It is holding a car sale today (May 15), marketing vehicles that were due to be offered before lockdown.

CD Salvage Auction also held a sale this week with an ongoing regular programme of weekly sales now in place. The company reports that early interest from salvage buyers is strong.

A statement issued by CD Auctions said its “regular program of weekly sales will commence on week commencing May 18.”

Andy Brown, managing director at CD Auction Group, added: "We are taking a measured approach to unroll the measures we took through the lockdown. As the industry begins to return to normal, we will gradually increase the frequency and scope of sales to ensure our vendors and buyers have the services they need.

"As a digital-first auction business, we are well placed to quickly scale our operations while observing the social distancing and safety guidelines set out by the government."

Earlier this year, CD Auction launched a new buyers app to enable dealers to buy stock whenever and wherever they are. Users can use the 'buy it now' function to purchase a priced vehicle as soon as it is added to the live database.

The company has seen the numbers of dealers accessing its digital online-only sales from mobile devices double in the last 12 months to now account for 45% of all bids.

Brown said: "We expect sales through digital channels via mobile devices to account for over 60% of volumes for the rest of 2020 and continue to grow as buyers seek remote solutions. We also anticipate that more vendors will look to our off-site service to limit the movement of vehicles and exposure of people supporting the remarketing supply chain."

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