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Spring 2020 Update

March 26, 2020

Used Markets Were Stable After a pretty good winter trading period, both the car and commercial vehicle markets remained in good shape as we headed into Spring. However the Coronavirus crisis started to impact trading on dealer forecourts in late February and, by mid-March it had caused retail activity to reduce by as much as 70% in some cases. And

FEEDBACK FROM CLIENTS

XBG provide us with a professional, efficient and helpful asset remarketing and disposal service. Their knowledge of our asset and fleet profile helps us achieve quickest and optimal route to sale, while their end to end service ensures our asset remarketing is managed ethically to protect our brand.

As long standing partners XBG currently manage the sale of our owned assets, a service that consistently provides excellent results. A progressive and forward looking company, the team at XBG are a pleasure to deal with. The insight that XBG gives enables us to validate our fleet strategy, we acknowledge their expertise in the marketplace and over our partnership we have built really strong relationships which has added value to our business.

XBG Fleet Remarketing have been a valued customer to Commercial Vehicle Auctions Ltd for many years, providing a wide range of quality products for our auction buyers. They are Professional, Friendly, Knowledgeable and a welcome part of our vendor base

It has been a pleasure dealing with a key Vendor like XBG for the last 10 years, I have found them to be professional, experienced, trustworthy and extremely knowledgeable in their dealings both on and off the Rostrum, I could not recommend them highly enough.

XBG manage all of our commercial vehicle fleet disposal activity, including vehicles, mobile plant and salvage. Their long-term experience of remarketing life-expired utility assets helps us reliably achieve very competitive residual values; their de-fleeting service is prompt, efficient and requires minimal intervention