Thought Leadership
Sponsored by epyx
Why the 500,000th 1link Disposal Network sale is a pointer to the future
Tim Meadows, chief operating officer, epyx
The 500,000th fleet vehicle sale through our 1link Disposal Network platform took place very recently. The grey, 30,000 mile, 2019 Volkswagen Golf was bought by a dealer in Anglia from a major leasing company.
The platform can credibly claim to be one of the longest-established online sales channels through which fleets sell cars, vans and trucks to vehicle retailers, having been established in 2005, and hitting the 500,000th sale milestone is a considerable achievement. It underlines how easily and effectively 1link Disposal Network works for large fleets that need to remarket vehicles, such as leasing companies.
Tim Meadows, chief operating officer, epyx
However, these facts don’t tell the full story of how 1link Disposal Network has been developed in recent times in line with emerging fleet trends. In recent years, we have invested heavily in ensuring that the platform is continually enhanced in an increasingly digitalised remarketing sector, and the result has been rapidly rising traffic. Several of the last few years have seen record sales volumes.
What improvements have been made? Well, this is a product that has always been designed to provide maximum flexibility for fleets disposing of cars and vans, and this adaptability has been key to its success, providing fleets with the means to use different routes to market, ranging from auctions to dealers. We have therefore built on these core attributes to meet the evolving needs of vendors who are pushing towards ever greater digitalisation, introducing innovations such as automatic pricing and vehicle publishing as well as powerful visual reports and continually enhanced buyer sites for selling.
Today, we continue to look to the future and a notable new development is the relatively high number of electric vehicles (EVs) now being sold through the platform. We are seeing exponential increases in EV sales as cars start to feed through to the used market in higher numbers. Year to date sales for 2023 are 679% up on the previous year and currently, 16% of the stock available for dealers to buy on the platform is electric.
We very much see the 500,000th sale not as a record of the past but a pointer to the years ahead. Increasingly, major fleets will be looking to technology to provide ever more sophisticated and effective remarketing processes, and we intend to ensure that 1link Disposal Network is very much at the forefront of these developments.
1link Disposal Network at a glance
For motor finance and vehicle leasing companies involved in large-scale vehicle fleet disposal and remarketing, 1link Disposal Network offers a range of key advantages.
- One system to manage all disposal and remarketing processes
- Comprehensive vehicle information throughout the remarketing process
- Improved real-time communications between vendors, suppliers and buyers
- Automatic event scheduling covering inspections, movements and repairs
- Ability to transact with multiple remarketing suppliers of all kinds
- Support for retail, customer and staff sales
- Fast and efficient job processing through a user-friendly dashboard
About epyx
epyx specialises in e-commerce solutions for the automotive sector. Its best-known products are the 1link platforms, which improve the efficiency of major fleets and their suppliers, covering functions including vehicle procurement, maintenance, hire, remarketing and relicensing. They have been adopted by fleets totalling more than four million vehicles, nearly 9,000 service providers, and nearly all major motor manufacturers on behalf of their franchise networks. epyx is owned by FLEETCOR Technologies, Inc.
To find out more visit epyx.co.uk
