Digital auction will remain the dominant channel after Covid restrictions are lifted, predicts CD Auction Group.
Since the start of the first lockdown, the company has seen the number of dealers using its online auction platform double. Research conducted by the firm found that dealers trust the online auctions and actually prefer the efficient service and enhanced imagery available.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Andy Pearce, managing director of CD Auction Group, said: “The industry faced a watershed moment through the pandemic, and we believe that the changes are here to stay. Feedback from our vendors and buyers tells us that they value the efficiency of online channels and today’s technology takes away many of the barriers.”
The appointment of new managing director Andy Pearce in April 2021 followed record trading as the industry emerged from lockdowns. Auction volumes increased by 72% in the first quarter of 2021 against the same period in 2020.
The company also recently launched a new logistics service for dealers, in partnership with Reemaq. The service will enable users to manage all end-to-end transport moves and administration on one centralised digital platform.
Through an audited network of plated drivers, transporters and inspect and collect services, users can access a national network supplier who bid for each move on a time and cost basis.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataCovering all types of vehicle movement, the service provides transparency of all moves in real-time alongside an explicit breakdown of costs.
Andy Pearce, operations director of CD Auction Group, said: “As digital remarketing experts, we are always looking for new ways to use technology to make operations more efficient for our customers. The new Reemaq Moves service will drive down overall delivery costs and improve service.”
Reporting record sales performance as the industry adapted to national lockdown restriction, the firm attributes its growth to the deployment of advanced technology.
