Surge in new buying option

By Ian Johnson – Wales Online – December 11 2009

IT looks as though the UK car market may be driving out of recession at long last.

Jaguar has reported a 50 per cent leap in sales fuelled by its trendy XF model with new car sales last month surging overall with a 56 per cent increase over November 2008.

But one very new form of car retailing is really in the fast lane. Auto eBid has reported that its new car sales have increased by a whopping 99.6%.

The firm has reported that sales are back to 2007 levels and it expects this growth to continue. It states that with an increase in VAT and the end of the UK scrappage scheme in 2010, retail consumers will only make the plunge to purchase, if they can get the best possible deal.

So how does Auto eBid work? It is best described as a ‘reverse auction’ website. Prospective buyers state a realistic price they would pay for a new vehicle and the site then invites car dealers to bid against each other for each sale, creating a very cheap route to a new car.

This process saves awkward haggling in dealer showrooms and delivers some significant savings on new cars. It is open to any customer, looking for any UK car model. Auto eBid top three best-selling cars for November 2009 were:

1. Land Rover Freelander 2 Diesel 2. Citroen C4 Grand Picasso Diesel Estate 3. Ford Focus Hatchback