Facts & Figures

DID YOU KNOW?

  • 1.5 million vehicles are sold at auction every year.  This is 43% of the total UK wholesale market
  • The overall value of vehicles sold each year is £42 billion, more than the clothing industry
  • Auction stock turn is hugely efficient – as low as 5 days for dealer stock
  • Major fleet and leasing companies sell 75% of returning stock through auction
  • Franchised dealers source 30% of retail stock from auction
  • Independent dealers source 65% of retail stock from auction
  • Retail dealers dispose of 750,000 vehicles a year through auction
  • Auction offers more than 40 different but related services designed to accommodate the differing needs of many customers
  • The UK auction sector employs 8500 people