SMA Newcastle Expands its Sales Portfolio

SMA Newcastle is set to expand its sales portfolio moving to auctions on every weekday to cope with growing demand from vendors and buyers.

The new General Sale will commence at 1.30pm on Tuesday the 15th of May helping the centre to manage the increased throughput of stock.

SMA Director Kevin Bann has been heavily involved in the decision noting:

"We investigated a number of options to manage the increasing volumes going through our Newcastle Centre and concluded that increasing the number of auctions was the most obvious choice.  Conversion levels have been exceptionally high, with some sales hitting 100% and with this in mind the extra sale will enhance the stock availability for buyers and the 'time to cash' for vendors.

Business-wide, we have worked hard to ensure our operations are highly scalable and this has allowed us to quickly respond to customer demand to upscale our distribution, technology, preparation processes and marketing."

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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.