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City Auction Group reports success of inaugural auction at Rockingham

Over 100 franchised and independent dealers attended the auction on 5 February 2015.  City Auction Group figures show that 80% of the vehicles were purchased by dealers in attendance, while 20% were purchased via the firm’s smartphone app,

A total of 80% of vehicles achieved in excess of 97% of CAP, while 20% of vehicles achieved over 94% of CAP. Over 400 vehicles were sold on behalf of 25 corporate vendors including Lex Autolease, Semalease, Peugeot & Citroen Financial Services, Avis and Budget and many more.  The physical auction was supported by an IOS/Android live bid and auction app for smart phones and tablet devices.  A dedicated soft seated live bid lounge was also used for the first time.

Michael Tomalin, managing director of City Auction Group, said: ‘We are delighted with the success of our first auction at the new super centre at Rockingham.  We have received fantastic feedback from dealers and vendors alike, who have been deeply impressed with our new operation in the UK.  The auction attendance surpassed our expectations and we expect that are next auction in March will be even bigger and better!’

The next auction event is at 10am Thursday 5 March 2015.

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.