Click2Trade, a b-to-b vehicle auction platform, has launched in the U.K. following a yearlong trial in the Netherlands under the name BAS.
The platform is owned by Visual Automotive and allows independent or franchised dealerships of all sizes to host their own in-house trade auction platform. This means they can offer trade vehicles for sale before they arrive on site. Each dealer is able to carefully vet buyers, giving them more control of the sales process. Payment is made within 48 hours of the vehicle arriving and collected within three days.
There is no charge to sell a vehicle. Buyers pay £39 plus VAT for any car they purchase and there are no subscription fees. The trial in the Netherlands proved successful for Dutch rental and leasing company Broekhuis Group. It reported an average increase in part-exchange bids of £600 ($762 U.S.) and has now sold over 12,000 vehicles through the platform.
“Click2Trade allows dealer groups to have a transparent, seamless way to underwrite and transfer part-exchanges, from site to site,” said Chris Barrett, MD of Visual Automotive. “Group buyers can add vehicles as soon as they buy them, allowing sales managers to show their interest in the stock for their site, or sell it in advance. Click2Trade allows sellers to close more deals and gives buyers a greater opportunity to purchase more stock.”
Dealers do not have to wait for the vehicle to arrive to start reselling it. Payment is made within 48 hours of the vehicle arriving and collected within three days.