LONDON - Wholesale used car auctions are catching hold on the continent, says one of the pioneers in the business.
'There is no doubt that the changes occurring in the way used cars are re-marketed across Europe are leading to more efficient marketplaces, largely based on the UK model,' says a report prepared by British Car Auctions.
The report on used car sales in major markets shows that customers in the UK and the Netherlands change cars more often than most markets.
In overall numbers, more used cars are sold in the UK than in Germany, which is otherwise a larger market.
The Netherlands was the first new market for British Car Auctions, in 1989. It opened a branch in Denmark in 1992, Belgium in 1994, and three sites in Germany in 1997.
'This is the way forward for the European used car market,' said public relations manager Tim Naylor. 'It provides an infrastructure and a system by which the used car can move around within a market to find a new owner and stimulate retail growth.'