Santander Consumer Finance has signed a three-year remarketing deal with Aston Barclay’s Prees Heath site.
Aston Barclay will auction off repossessed, voluntarily–terminated and ex-PCH and PCP vehicles.
The deal came on the back of a 100% conversion rate on former Santander-financed vehicles achieved in the site’s auctions during the year to date.
Aston Barclay said it expects volumes to increase during the lifetime of the deal, pushed by Santander Consumer Finance’s own growth in business. The Prees Heath site is set to expand its acreage in 2018, following Shropshire council’s approval.
Shaun Deacon, head of arrears management at Santander Consumer Finance said: “Our monthly sale programme at Prees has gone exceptionally well. Prees has achieved a 100% conversion on our stock and the customer service levels we have received and buyer interest in our used cars has been first class.”
Martin Potter, Aston Barclay’s group operations director, added: “We’re pleased our 100% conversion rate has been recognised by Santander awarding us with a new contract. Having our 12.5-acre site becoming reality over the next 12 months comes at the right time to accommodate extra vendor volume.”