Franchised and independent trade auction website Inter Dealer Auctions’ move from rolling sales to a fixed weekly auction model has boosted resale value for vendors and attracted more buyers, according to owner CD Auction Group.
Since the change, sales open at 3pm every Tuesday and bidding ends at 3pm on Wednesday.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Roger Woodward, managing director of CD Auction Group, believes the new system worked better because "having a weekly sale at a fixed time helps concentrate minds and means buyers know when to come to the site to bid, rather than logging on hoping that a suitable vehicle might be available."
As well as this, used car prices have generally continued to rise year-on-year, with 4x4s doing especially well during the winter months.
With used prices rising through much of the year, although dropping last month, Woodward has spoken out against attempts to create a common grading auction system and called Glass’s new guide to valuing cars "brave".
