You've got to see it to believe it CVA has
Page 36
If you've noticed an error in this article please click here to report it so we can fix it.
opened a new site in Hemel Hempstead, as buyers still want a physical auction. MD Adrian Yates explains why Commercial Vehicle Auctions (CVA) remains convinced that site sales where the buyer can touch the metal, kick the tyres and smell the oil will continue to yield the best asset values.
Clear evidence of this is a recent sale, our first at Hemel Hempstead. It was staged as a response to frustrations voiced by a growing number of blue-chip corporate companies, based in the South, for a quality auction sale to match that offered by CVA in Doncaster, while at the same time reducing the spiralling costs of moving vehicles and plant to sales in the North.
Strong prices Suffice to say, this first sale reaped a crop of quality trucks — entries from banks, finance and fleet management companies, councils, and traders, with 75% of them being sold for strong prices. We also moved more than 85% of the plant.
Anyone in the business will tell you that these results are exceptional. They reflect the high quality of the stock and buyers — more than 100 buyers at the sale plus 70 online bidders.
CVA sees the web playing a growing but still supporting role to a measured expansion in the number of CVA sale sites, with a mix of buyers both at the sale and online. Features such as our online valuation tool (weauctionanytruck.com) are attracting more customers with quality stock to sell through CVA's Doncaster & Hemel sites, supported by our online bidding and catalogues.
CVA is delighted its Hemel sale was an overwhelming success and looks forward to further developing sales from there. •