Record Week of Sales for SMA Vehicle Remarketing

A record performance during week commencing January 10th at SMA Vehicle Remarketing reflects the demand for high quality used stock and SMA's own success in expanding its vendor base to offer an even wider range of stock.

Nationally the team at SMA has worked to increase the levels of stock available both at its network of auction centres and through its on-line auction services.  The combination of innovation and service that is the hallmark of the SMA approach has seen a number of new vendors switching to SMA as their preferred remarketing supplier, with Nidd Vale Motor and Ringway motor groups the latest to start reaping the benefit of the SMA approach over recent weeks.

Increased supply has in turn increased the level of buyers both on-line and on site, the result has been record sales.  The most recent auction at Leeds saw yet another 100% sales conversion of Motability stock, plus selling over 1200 vehicles from Leeds across one week and overall sales volumes and conversions are at record levels nationally.

Commenting on the positive start to the year, Group managing Director Bob Anderson notes; "We have all been well aware that this year availability of stock would be central to success.  To this end the SMA team has been working successfully, both locally and nationally to increase our vendor customer base. Our growing network of auction centres, reputation for service, breadth of offer, including on site technical services for refurbishment work and our success in creating high quality buyer footfall have all contributed to the record results we are now delivering.

In a year when stock is likely to be in short supply, the capacity to remarket the stock effectively will be key to increasing sales volumes.  The momentum of our ongoing growth reflects just how effective the 'Team SMA' has been at making it easy to both sell and buy".

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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.