City Auction Group completes major investment at Rockingham
City Auction Group is to open operations at its newly expanded Rockingham site next week following a six-figure investment over the last three months.
The remarketing specialist said in October that it was planning to turn Rockingham “into a dedicated defleet and vehicle remarketing fortress” following the announcement that the former motorsport venue would stop circuit activities from the end of last year to focus on becoming a “leading automotive logistics hub”.
City Auction Group’s investment has led to the development of an all-new dual lane, together with redeveloped inspection, valeting and presentation bays, which will help the company push its annual volume capacity in 2019 to a predicted 100,000 passenger cars and 50,000 LCVs
The launch sale event for the dual lane will take place next Tuesday 15 January and will offer corporate vehicles and LCVs on behalf of the listed corporate vendors including PSA Finance, Vauxhall Finance, Ogilvie Fleet, RCI Financial Services, FCA, Semalease, Dawson Rentals, Honda Financial Services, Liquid Fleet, Northridge Finance, MultiFleet, Avis and Budget. A total of 350 cars and 100 LCVs will be available at the sale event.
Michael Tomalin, managing director of City Auction Group, said: “We have been extremely busy over the last three months redeveloping our auction facility at Rockingham, as well as expanding our defleet and vehicle remarketing capacity.
“Our complete portfolio of defleet and remarketing services is now firmly in position and we can now look forward to developing a professional infrastructure to include inspection and collection services, vehicle storage (availability from 5-150 acres), vehicle refinishing processes and tactical refurbishment, supported by a choice of vehicle remarketing solutions.
“With 12 locations perfectly situated across the UK and Ireland, we now have the scope to manage all defleet and remarketing requirements to the highest possible standard, supported by a great team of experienced personnel and cutting-edge technologies.”