Dealer Auction sales top £500m in 2024
The retail value of vehicles sold on Dealer Auction topped £500m last year, with 919,164 bids in 2024.
With total sales reaching £510,800,000, Dealer Auction has estimated trade profit for sellers at nearly £13m.
Meanwhile, average days-to-sell on the platform was 4.04 day across the year, with the average sold price at £6,378. It also found that the average age of a sold vehicle was 8.9 years and had an average mileage of 72,598.
However, alternatively fuelled vehicles made up just 5.6% of all sales, up from 3.4% in 2023.
Kieran TeeBoon, Dealer Auction’s marketplace director, said: “It’s been a strong year across the Dealer Auction platform. The total retail value of over £510m is an incredible milestone, and one that reflects the trust and confidence dealers place in our platform to connect them with the right vehicles at the right time.
“The £13m total estimated trade profit and impressive CAP clean performance further showcase the tangible value we bring to our partners.”
