Novuna Vehicle Solutions has partnered with Dealer Auction, the UK’s leading digital remarketing platform, to launch a digital marketplace for its premium electric vehicles.
From 1st July, trade buyers will have immediate and priority access to Novuna’s extensive and varied stock of defleeted EVs via the digital marketplace. All vehicles will be refurbished to NAMA Grade 1 standard, and buyers will pay a flat fee of £250 +VAT. Marques available will include MG, Audi, Volkswagen, Cupra, Hyundai and Kia, with the majority 70-plate or younger.
Novuna Vehicle Solutions, which operates one of the largest EV fleets in the UK, selected Dealer Auction due to its established and active network of used EV car buyers and, as a part of Cox Automotive, its integrations with Manheim, Novuna’s defleet and physical auction partner.
Chris Morse, Novuna Vehicle Solutions Remarketing Manager said: “As the number of EVs we defleet and remarket continues to grow, establishing the right channels that return the best outcome for these vehicles has become increasingly important. Dealer Auction has established an enviable audience of EV buyers via its long-standing partnerships with key OEMs and finance companies. These buyers value the efficiency of the platform and the reliable flow of electric vehicles, and we value the opportunity to introduce our EV stock to this hungry audience the moment each car becomes available.
“The launch of our partnership with Dealer Auction will be marked by a special sale, featuring 50 hand-picked EVs, launched exclusively to a selected audience of buyers. But this is just the beginning, as we expect to market an additional 50 cars each month through the platform. This steady flow of high-quality EVs will provide trade buyers with a consistent and diverse selection to choose from”
John Biggs, Operations Director at Dealer Auction, adds, “We are thrilled to add Novuna to the growing number of fleet operators who have chosen Dealer Auction to remarket their vehicles. We have an engaged audience of buyers who want access to the best EV stock without the hassle of needing to hunt it down across multiple sources. This new flow of vehicles will help satisfy that demand and, in turn, deliver a great result for Novuna.
“Novuna will also benefit from the speed at which we can list and sell their vehicles. Cars will be listed as soon as our Manheim colleagues have completed each vehicle’s refurbishment, with sales typically completing within 48 hours. Buyers can collect from Manheim Leeds or arrange delivery via Manheim or their preferred provider. This all combines to reduce depreciation risk, eliminate storage costs and improve operational efficiency.”
Dealers without a Dealer Auction account can register to join the EV closed network via https://www.dealerauction.co.uk/novuna-vehicle-services/.
Existing Dealer Auction customers should request access via https://www.dealerauction.co.uk/novuna-premium-ev-closed-network/.
Notes to Editors:
About Novuna Vehicle Solutions
Novuna Vehicle Solutions is one of the UK’s top 10 largest leasing companies with more than 30 years’ experience providing bespoke fleet finance and fleet management services for businesses and consumers across the UK.
With a UK fleet of over 110,000 vehicles ranging from cars, small, medium and large vans to HGVs, the business provides all forms of funding, maintenance, accident and daily rental management, supporting customers across every stage of the vehicle life cycle.
Novuna Vehicle Solutions is unique in the market in being able to offer an end-to-end decarbonisation solution for businesses, from vehicle leasing and management to infrastructure and energy storage and is leading the charge on electric vehicle adoption.
For five of the past six years, the business has been named Leasing Company of the Year (more than 20,000 vehicles) at the prestigious Fleet News Awards and is the only Fleet News Top 10 leasing company to be fully accredited by the Institute of Customer Service.
Novuna Vehicle Solutions is a trading style of Mitsubishi HC Capital UK PLC, part of Mitsubishi HC Capital Inc., one of the world’s largest and most diversified financial groups, with over 11trn yen (£57bn) of assets.
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