SMA Sees Record Activity Levels in Janaury

Activity levels were at a record high across the entire SMA Vehicle Remarketing business in January, with the auction network and on-line services all recording strong demand, something that was reflected in the core key performance indicators:

  • Record unit sales volumes
  • Record conversion levels

The SMA business has seen a growing trend in both buyer and vendor activity over the last four months and there is clearly a strong demand for stock at the start of the year as buyers look to increase stock levels into the new year.

Managing Director Bob Anderson observes:

"There has been a tremendous effort across the business to increase vendor activity over recent months in response to strong levels of buyer demand.  A number of recent auctions have achieved 100% conversion levels, which clearly indicates the interest in well-prepared stock.  The results of recent auctions continue to show that preparation is clearly important to both conversion levels and price with vendors using our on-site preparation facilities gaining a valuable edge that we can really measure".

Having the right stock is clearly essential to increasing sales activity.  In this regard, SMA's distinctive approach and facilities has seen the business winning a host of new friends over recent months.  Customer focus and imagination in product development have significantly added to the appeal of SMA and both buyers and vendors are evidently benefitting.

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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.