Record Sales across SMA

Just as some observers speculated that the remarketing sector could face a slowdown with an influx of stock following the growth in new car sales, SMA Vehicle Remarketing happily defied such predictions by delivering record sales in May, with the entire business contributing to the all time high.

The May performance reflects a long-term trend of growth across SMA. The business is proud of its position as the third largest remarketing business offering national auction centre and digital auction coverage, seeing it as a catalyst to work that bit harder, faster and more imaginatively. It is a level of creativity and service that has seen the business consistently increase both its vendor and buyer bases. It is certainly true that SMA's well-respected digital prowess has helped to extend its reach to new audiences, but in a people business, the SMA team prides itself upon the quality of experience buyers receive when they contact or attend an SMA auction that really makes the difference.

In delivering the latest monthly results, Managing Director, Bob Anderson points to the success of the auction operation, but especially to the wider portfolio of support services;

"Record sales at auction and online are the output of a great deal of hard work to differentiate the SMA proposition. We have worked to create value on our Inspect & Collect services working alongside fleet managers; our Technical Services preparing and repairing vehicles; our state-of- the-art distribution and transportation operation and in the creation of focused auction events such as our Low Emissions Vehicle Auctions and online e-Auctions.

"Our goal is to give buyers and vendors more reasons to use our services. What we are creating is a total package that in these days of 'lean' operating processes enables both audiences to operate more effectively and efficiently. We know that not all of our customers use the entire SMA portfolio, but we know that many regard our investment as representing the type of support they find reassuring. The result has been more vendors and more buyers.

"Looking ahead, yes there is more used stock coming to market - for us this is simply an opportunity!"

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Our grading system is changing

NAMA grading has been developed to provide a long awaited industry standard grading scheme to be used across all auctions within the UK.

We have now introduced NAMA grading across our sites, and over the coming weeks you will notice more vehicles being offered for sale displaying a NAMA grade. These grades are easy to identify as they are 1,2,3,4,5 and U in place of the SMA grades A,B,C,D and E.

Please make sure you have familiarised yourself with the grades. We will still produce condition reports providing additional information for each vehicle as we always have.