TCH Leasing has appointed Aston Barclay has its preferred remarketing supplier.
The Sheffield-based leasing company will remarket its vehicles through fleet sales programmes at Wakefield and Leeds and utilise a number of Aston Barclay’s logistics and online products.
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Chris Nightingale, head of operations for TCH Leasing, said: “We are pleased to appoint Aston Barclay as our majority remarketing supplier. Its physical and digital remarketing channels are delivering great results for us and we look forward to working with their team to optimise prices and conversion rates during 2020.”
“TCH Leasing and Aston Barclay share similar values and by working closely together we will continue to help shape their remarketing strategy to reflect the demands of the ever-changing used-car market,” explained Martin Potter, Aston Barclay’s managing director, auctions.
TCH is one of the UK’s largest privately-owned leasing companies and appointed Aston Barclay because of its customer service, maximising disposal returns and reducing stocking days speeding up fleet asset cashflow.
In November Aston Barclay reported activity on digital channels in the used car market soared in Q3 2019, with web views rising by almost two thirds.
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By GlobalDataIn The firm’s used car market report, it revealed a 61.8% increase in vehicle web views during Q3, with one in three of all sales taking place online.
In addition, there was a 50% increase in mobile bids in the quarter as an increasing number of buyers used the buyer’s app to stock during the holiday season, particularly in August. The summer holiday season for responsible for a quarterly fall in auction hall bids, though the group maintained conversion rates above 90%.
Aston Barclay’s Cascade platform has attracted an increasing number of vendors, with some now converting over 50% of their used car stock upstream prior to physical sale. This has resulted in a reduction in stocking days from 5.58 to 1.8 days.
