Volumes of sales through our 1link Disposal Network and Trade Buyer platforms are now exceeding pre-lockdown levels, we’re pleased to report.
The remarketing platform is used by major fleets such as leasing companies to sell cars and vans to a community of more than 3,000 independent and franchise traders.
Debbie Fox, Commercial Director at epyx, explained that there were signs that the remarketing sector was now developing a sustainable cycle, following the worst of the coronavirus crisis.
She said: “When dealers first reopened a few weeks ago, there was still very little activity on the platform because they needed to sell stock that they had been holding for several months. However, most have had a very buoyant immediate post-lockdown period and need to replenish their stock levels, so we are starting to see that feeding through into increased demand.
“Now, sales volumes on 1link Disposal Network are ramping up and beating the kinds of levels that we saw in March before the crisis started to really bite. The supply side is also beginning to improve, with fleets that provide stock onto the platform entering into relatively routine defleeting. A rhythm to remarketing activity is emerging.
“Of course, there’s a question mark over whether this represents the kind of trading pattern that we will see for the rest of the year – and no-one knows the answer to that – but we do seem to be back into a relatively normal cycle of selling and replenishing stock.
Debbie added there were signs that traders were looking generally to source more stock online following the coronavirus crisis. “On the trader side of the platform, we’ve had more than 200 dealers requesting to join during the last five months and one way of interpreting this trend is that more dealers are recognising that digital sources of stock are becoming more important to them in the new normal.”
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