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It can take up to 2 weeks from vehicle collection to getting the cash back in your pocket when selling overage or unwanted part-ex stock through traditional remarketing routes. With Dealer Auction, it takes on average just 2.9 days! Speeding up your remarketing cycle helps beat any losses caused by depreciation, and frees up more space for vehicles that will earn a greater margin at retail.

Not only that, vehicles sell for 4% more on average when compared to traditional auction houses. This means you could have sold the vehicle and had the cash back in your bank in less than 5 days.

Don’t just take our word for it, use the profit calculator below to see how speeding up your remarketing cycle will earn you more profit.

PROFIT CALCULATOR
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You’ve got the power

Have complete control over how you sell, and instantly advertise your vehicles to thousands of active and engaged trade buyers across the UK – including franchise, independent and supermarket buyers.

Out with the old…

Listing is effortless, with upload options to suit your workflows. Upload a vehicle in minutes and sell in a matter of hours. We do the hard work in connecting the right buyer to your stock, with over 25,000 alerts sent daily.

…in with the new

Extract maximum value from your part-ex vehicles, get money back in the bank quicker and make room for hotter stock. Win, win!

Confidence is key

With supply and demand data for their local market, we give prospective buyers the confidence to click ‘bid’, and with the low fees they’re more likely to put more money on the right vehicle.

Profit, profit, profit!

Our low fee structure enables buyers to put more money into the right vehicle, meaning our dealers achieved an average of 119% on reserve*

The technical bit – how is the profit calculated?

Here’s how we calculate your potential profit in four simple steps:

1

Every day a vehicle depreciates, while also taking an increasingly expensive spot on the forecourt. We’ve estimated this daily cost per space based on dealer type and location**.

2

Then, using your details, we’ve estimated your current trade profitably by multiplying the number of vehicles you have to sell, by your average trade profit per unit, then deducted the estimated cost per space, per day. This displays as your ‘current profit per month’ and ‘current profit per year’. This might show as a minus if the cost per space, per day across the number of days to sell is greater than the total profit.

3

The final step is to arrive at your potential profit figure with Dealer Auction and work out the difference to your current profit. To get there, we’ve multiplied the number of vehicles you sell each month, by the current trade profit our top sellers are achieving per unit. We’ve then amended the days to sell to our platform average of 2.9.

4

We’ve also considered the small amount of time it takes to load vehicles onto the platform and how the cost of that resource impacts total profit. While it takes our top sellers just eight minutes on average to load a vehicle on Dealer Auction, we’ve exaggerated this to 45 minutes, and based on an average annual salary of £30,000, that works out at £11.70 per vehicle.

As you can see, there are some serious calculations to arrive at your potential profit figure. But put simply, selling digitally can help you sell vehicles faster and earn more profit!

*average reserve performance on vehicles sold naturally on Dealer Auction’s open network between 01/01/2022 and 31/08/2022

 

** Independent Dealer North – Dealership with 40 vehicles on the forecourt, selling on average 35 vehicles per month achieving an average profit per unit of £850, with operational costs of £12,000 – Cost per space per day £9.86 (£12,000*12/365/40)

Independent Dealer South (10% higher operational costs) – Dealership with 40 vehicles on the forecourt, selling on average 35 vehicles per month achieving an average profit per unit of £850, with operational costs of £15,000 – Cost per space per day £12.33 (£15,000*12/365/40)

Franchise Dealer North – Dealership with 80 vehicles on the forecourt, selling on average 60 vehicles per month achieving an average profit per unit of £1,100, with operational costs of £20,000 – Cost per space per day £8.22 (£20,000*12/365/80)

Franchise Dealer South (10% higher operational costs) – Dealership with 80 vehicles on the forecourt, selling on average 60 vehicles per month achieving an average profit per unit of £1,100, with operational costs of £24,000 – Cost per space per day £9.86 (£24,000*12/365/80)