Dealers source more used cars online

online shopping has become increasing popular over the last five years and it seems that dealing cars is following the same trend. Figures produced by auction house Manheim, show that the percentage of vehicles sold online each month rose from 7.5% in August 2004 to almost 17% in August 2013.

September saw almost 18% of stock was sold at auction resulting in 5237 vehicles being sold and over 61000 online bids being cast and it seems that the technology age is now allowing customers to shop on the go with 12% of people visiting Manheim from mobile devices.

Michael Buxton, chief operating officer of Manheim, said although online business is growing attendance at physical auctions is stable. “Online platforms have supplemented the physical auctions rather than replace them, which is a trend that looks set to continue as we move into 2014.”

Taken from Motor trader News

Categories: