SMA Group-Wide Sales Records Reveal Used Car Buyer Confidence


On the same day that the SMMT announced a positive start to 2014, with new car sales up 6.7%, SMA Vehicle Remarketing has posted a record month across the Group, reflecting a positive picture for the used car sector.

"All of our Centres across the UK delivered record sales in January. It was a performance that was also shared by our rapidly expanding digital remarketing operation," noted SMA Managing Director Bob Anderson.


SMA's buyer feedback indicates that dealers are looking to increase stock levels, which is something SMA's stock funding facilities are helping to support. Buying trends indicate a desire for fast turnaround stock, pre-prepared and ready to retail. Interest in the small and medium size segments is particularly strong with even premium and luxury vehicles are seeing more interest. Falling pump prices and increasing levels of consumer disposable income are felt to be behind this growth.


"Attending many of our auctions during January and speaking first hand to dealers it is clear that there is heightened activity and a more positive feeling. However, the market remains very tight and as such buyers are being circumspect; they want stock they can retail quickly, with minimal preparation cost. Having shared this insight with our vendors, many are investing in pre-sale preparation.

"We are also working to make it easier for buyers to make a buying decision by developing new products such as our Buy-Back Guarantee."

Looking ahead, SMA's outlook is cautiously optimistic with new car sales having enjoyed 35 months of growth with many of those vehicles now entering the remarketing cycle as they come to the end of their PCP and lease finance agreements.

Vehicle Search Past Prices

You must be logged in to search past prices

Plant/Commercial Search

Buy It Now

Buy It Now

Vehicles available for immediate purchase!

Exclusive to SMA Account Holders

More Details

SMA Newsletter Signup

Please complete the following information to ensure you hear about our sales and news.

Tell us what you are interested in; (you can select more than one)

Please select at least one option.

saving Saving preferences...

Your preferences have been saved.

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.