VW Financial Services launches online car and van auctions

Time 9:10 am, August 22, 2018

VOLKSWAGEN Financial Services is launching a series of online car and van auctions.

The auctions will take place between 9am and 3pm every other Thursday through epyx’s 1link Disposal Network platform. The stock offered will be vehicles that failed to sell previously through online channels and will have competitive starting prices.

These ‘Last Chance To Buy’ sales will be unique among VWFS online sales in being open to all buyers within epyx.

They will have a wide range of Volkswagen, Audi, Seat, Škoda, Porsche and Volkswagen Commercial vehicles, from selected prestige models through to mainstream stock.

Vehicles are offered with a detailed cosmetic condition report, high-res studio images on eligible stock, and known faults or relevant sales information declared.

In addition to the competitive fees, VWFS also offers a fixed £99 + VAT equalised rate for all deliveries within mainland UK and delivery from £215 + VAT for Northern Ireland.

Martin Woollam, remarketing general manager at VWFS, said: ‘We use a wide variety of online and physical sales as part of our structured approach to remarketing and these sales are a new part of that evolving remarketing strategy.

‘With high conversion rates for our fixed-price stock, this online auction is the last chance to buy these attractively priced vehicles before they are moved to a physical auction.’

Vicky Gardner, pictured, head of remarketing at epyx, added: ‘We have been working with VWFS on online stock remarketing for more than three years and have developed a range of different sales options for different types of stock and different dealer audiences.

‘For us, it is all about helping our leasing company clients remarket stock efficiently and at the best price, while helping dealers to find the cars and vans they need.

‘These new sales will be open to a potential audience of more than 2,000 dealers, so we expect interest to be very high.’

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