Record week for auc­tion web­site

The Peterborough Evening Telegraph - - Etbusiness -

PETER­BOR­OUGH-based Auc­tion4­Cars has smashed its record for the high­est num­ber of cars sold in a week since it was launched 18 months ago.

The fee-free car auc­tion web­site sold more than 450 ve­hi­cles in the first week of May, break­ing its pre­vi­ous record of 397 set last Novem­ber in spite of a wide­spread slow­down in ve­hi­cles sales across the main auc­tion houses.

Auc­tion4­Cars, a sub­sidiary of car su­per­mar­ket gi­ant Mo­tor­point, was launched in Oc­to­ber 2008 to sell the com­pany’s part-ex­change ve­hi­cles ex­clu­sively to the trade from its base on the Boon­gate In­dus­trial Es­tate in the city. In its first full year, it sold 10,000 ve­hi­cles. It is cur­rently on course to sell some 15,000 ve­hi­cles in 2010.

Neil Prescott, group dis­posal man­ager at Mo­tor­point, said: “Whilst we have seen the mar­ket in gen­eral cool­ing be­cause of an over­sup­ply of ve­hi­cles, Auc­tion4­Cars con­tin­ues to prove ex­tremely pop­u­lar, em­pha­sis­ing that our fee-free on­line car auc­tion model is now firmly es­tab­lished among the trade.”

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