The Fleet Auction Group had a bumper start to the Motorcycle season, with its first sale at the end of February offering more than 130 bikes for auction. The majority were late-model, low-mileage bikes, and that was reflected in the impressive results, with more than 120 lots sold, achieving an average CAP value of 92%.

“After compiling an outstanding sales catalogue of scooters and motorcycles, we are extremely proud to have achieved an exceptional sales rate of 94% in our first two-wheel sale of the year,” said Andrew Walker, CEO of Fleet Auction Group. “We had nearly 140 dealers log in for the sale, with dealers participating from Edinburgh to Devon. Online auctions have become increasingly popular in the trade. Dealers no longer need to take time away from showrooms and travel for hours to attend an auction to secure stock. They can simply view everything from their phone, tablet or PC screens, and we can arrange delivery if they wish.”

The Fleet Auction Group’s trade-only auction has been operating online since the pandemic. The firm’s facility features auction suites where live auctioneers conduct the auction using the latest online technology. No bikes are present on the auction floor, but all entries are on-site for the sale. For dealers who wish to inspect the bikes in person before the sale, stock is available for viewing at the Loughborough facility. Each lot is graded using a tiered system of gold, silver, or bronze, and every bike is presented with a detailed condition report, accessible through the itemised lot numbers listed online. The auction buying and selling process is transparent and straightforward, with a flat buyer’s fee irrespective of the sale price. There is no tiered structure based on the hammer price. This allows for easy calculation of the final price (including fees) when comparing trade prices to retail pricing and determining potential profit margins.

Stock is entered for sale by various manufacturers, leasing companies, finance providers, as well as dealer-aged stock and part exchanges. Fleet holds 10 monthly live online auctions each year, February to November.