City Auction Group enjoys multi-million-pound success at Rockingham dual lane launch

Time 9:00 am, January 23, 2019

CITY Auction Group sold 450 vehicles worth more than £2.75m at its Rockingham dual lane launch event.

The opening corporate sale at the refurbished Rockingham centre saw end-of-term contract and lease vehicles being sold for major listed vendors, both in the hall and live online, with purchases made across the UK and Ireland. The three-hour sale had a conversion rate of more than 80 per cent at an average sale value of £7,513.

Michael Tomalin, managing director of City Auction Group, said: ‘The launch event has been a major success and a first for the group, as we introduced dual lanes at Rockingham.

‘The atmosphere in the auction halls at the inaugural corporate fleet and LCV auction was electric and massively different to the traditional single lane sale events.

‘With the recent purchase of the complete Rockingham facility by our business partner, we have introduced state-of-the-art vehicle preparation bays for the inspection, valet, imagery and tactical refurbishment of vehicles to provide our corporate clients with a world-class service.

‘We have huge aspirations at Rockingham to defleet and remarket over 100,000 vehicles per annum by 2022, and with over 250 acres of prime commercial coverage we believe Rockingham will become a major automotive defleet and logistics hub.’

MORE: City Auction Group completes £1m investment at Rockingham

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MORE: Sales of £3m at City Auction Group’s first event at Rockingham

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