Who are our suppliers of new vehicles?
Most manufacturers will offer larger New Car Discounts to organisations who commit to purchasing large volumes of vehicles. AutoeBid will seek bids from some of these organisations on your behalf.
UK Main franchised dealers
UK and European main franchised dealers usually work on a profit margin of approximately 10%. As a rule of thumb, the more common the vehicle, the larger the discount that can be obtained. Main dealers work on a system of target bonuses, ranging from service level agreements to target bonuses. When a UK main dealer is close to its monthly target but the end of the month is fast approaching, the dealer may be prepared to offer more than the standard discount on the vehicle that you are after, sometimes reducing their profit margin to zero in respect of that vehicle, in order to safeguard its monthly bonus. In this way, AutoeBid’s customers may benefit from the reduced prices being offered on a single vehicle by such a dealer. The other feature of the auto industry that AutoeBid seeks to exploit on behalf of its customers is locating vehicles that are near the end of the supplier’s “adoption period”. This is the time-period which a dealer has to pay the manufacturer for the car. As this period comes to a close, dealers generally offer bigger discounts on the cars in stock.
Unfortunately there are a limited number of main franchised dealers who do not provide a good service and we have removed a number of these unreliable dealers from our service for failing to deliver cars either on time or at the agreed price. Buying through our service give you added peace of mind as you can avoid those suppliers.
UK new car brokers
There are a number of UK new car brokers – some purchase from main dealers and others directly from the manufacturer. The better brokers tend to offer customers a “value added service”, in that they spend more time talking to and listening to their customers. Auto eBid has relationships with a number of the more reliable UK new car brokers.
Unfortunately there are a number of brokers who do not provide a good service and we have removed a number of these unreliable brokers from our service for failing to deliver cars either on time or at the agreed price. Buying through our service give you added peace of mind as you can avoid those suppliers.
If you place an order through our service and would prefer not to purchase through a broker you can simply state “No Brokers” in step 3 of placing your orders.
There are numerous Internet dealers who often offer good prices on vehicles. However it is difficult to know who has the best deal out there without searching them all individually. AutoeBid does this for you as we have many registered suppliers who are Internet dealers. Also, we often know the direct suppliers for Internet dealers.
Unfortunately, there are a limited number of Internet dealers who do not provide a good service and we have removed a number of these unreliable dealers from our service for failing to deliver cars either on time or at the agreed price. Buying through our service give you added peace of mind as you can avoid those suppliers.
Wholesalers purchase vehicles in bulk and usually sell them on to car supermarkets and UK brokers at fantastically low prices. In some cases they are willing to supply directly to the public. AutoeBid is the ideal medium for buyers to contact these elusive organisations and secure deals from them.
New Car Supermarkets
There are many car supermarkets now all over Europe. Those located in the UK tend to purchase a large number of imported vehicles which are not always full UK specification. The prices they offer seem to offer fantastic savings against the UK list price however these models are often not to full UK specifications, will not have the full manufacturers warranty and the re sale value will be lower than a UK supplied car. When you come to re selling an imported car you are legally obliged to declare this and this can make selling it extremely difficult. AutoeBid does not supply new vehicles to its customers using car supermarkets. All our new vehicles are supplied through UK main franchised dealers and are NOT new car imposts. Watch out for dealers telling you the car is a “UK Specification” car as this only means it was ordered to the same specification as a Uk car but could still be an import. The key question to ask a dealer is if it’s a “UK supplied car”.
UK leasing/contract hire
With Personal Contract Plans (“PCPs”) and Leasing making up a very large part of the UK car buyers market, it is not surprising to see hundreds of advertisements in the back of motoring magazines for Contract Hire, Lease Purchase and PCPs. Leasing provides an excellent way to manage future motoring costs.
There are a few UK and European import brokers. However it’s more difficult to know which of the brokers are reliable without independent information. These brokers simply purchase from European main dealers as well as some wholesalers in Europe. Due to the current poor exchange rate between the Euro and the Pound, the savings which can be offered to UK buyers from Import brokers are diminishing. Therefore we do not currently offer any import vehicles.
Commercial vehicles – Van Dealers
Commercial vehicles are available through UK Main Dealers, Van Brokers, Wholesalers and Vehicle Contract Companies. There are always a few organisations offering outstanding deals on commercial vehicles, however finding these companies can prove quite difficult.