Instantly value part exchange vehicles using real-time data and actual condition reports with Seller Advance.
With an overall accuracy averaging 97%, Seller Advance valuations are delivered instantly to a salesman’s computer. As a result, retail deals can be completed much more quickly and efficiently and without the time-consuming recourse to traders or other third parties.
What’s more, when you’ve agreed the valuation and secured the deal, a few clicks of the mouse sends the vehicle to auction without unnecessary paperwork. Once inspected, we’ll advance the full valuation, via BACS, improving your cash flow and stocking days instantly. No need to wait for cash, or the auction to happen. Payment is authorised to you the next working day.
Through the first quarter of 2012 we have seen exceptionally strong trade demand for all vehicle types and main concerns have been stock shortages and reduced entries. Guide publications have on the whole increased prices each month and we have even seen uplifts in most sectors for this month’s guides from March to April. However, our immediate thoughts are that fewer buyers are in attendance at auctions, they are tending to be more selective and generally there is less competition in bidding. More vehicles are being offered, meaning sales performance figures and conversion rates are slightly down. More…
An obvious factor for some of these shortfalls has been the unexpected but welcome beautiful spring weather. This time last year we will remember we were in the midst of ‘4 x 4 mania’ as we were in the grip of freezing temperatures. This year we have a lovely Mediterranean type spring with temperatures higher in Rothwell and Manchester than in Rome and Monte Carlo. Suddenly and prematurely there is massive demand for convertibles and coupe/cabriolets.
As trade buying appears to be moderating, our ongoing mood should perhaps be one of caution as stocks are creeping above the high side of right. Our research, analysis and feedback from our Seller Advance dealers has been that the most problematic market has been 4 x 4’s with models such as Discovery, Volvo XC90 and Chevrolet Captiva losing their appeal.
Expectations for 2012 were that it would be a challenging year for dealers but we can look forward with some optimism and confidence and we can safely predict that no different market dynamics are about to come into play. Supply, demand and prices will remain steady and even if retail is described as patchy and demanding for most dealers we will not see fluctuating or heavily depressed prices.
“I do like the simplicity of Seller Advance and the ability to record all vehicle appraisals. Seller Advance fits in well with our structured sales approach and involves the customer in the sales process while the consistency of the valuation system and the transparency of the whole auction process is a real bonus.” Tom Croft, Foray Motor Group Ltd.
“The system is really easy to use and it has helped us close more part-ex deals on the spot” Cambridge Garage Havant Volvo
“Because funds are transferred directly into my account when a value is agreed, I can manage my cash flow easily.” Vickers Lakeside T/as Tony Levoi
“Seller Advance is a vital tool that allows us to deal with confidence in these tough market conditions.With the ever increasing trend of down sizing and looking for value we can now take in virtually anything offered with confidence. Its real time so quickly picking up the slightest move in the market.” Nick Payne, Pye Motors Ltd