Auto Trader has announced they have created an online de-fleet platform to allow leasing companies to sell their used cars straight to dealers.
The system is believed to offer an auction-style facility, whereby contract hire companies could arrange bespoke de-fleet events or merge vehicles with those sold by other leasing companies, both of which would be open to trade buyers.
A senior manager at a contract hire company who has been approached by Auto Trader to adopt the initiative explained it to BusinessCar: "You could have a leasing company sale - like a fleet-direct sale - and it would work like eBay, so it would be a mini auction within Auto Trader. "The idea is that leasing companies put it on there - the vehicle could be anywhere - and it goes straight to their buyer base, who buy it direct.
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