Sales of used vehicles online are rising rapidly and will double in the next five years, new research suggests.
According to online remarketing specialist Autorola, currently 15 per cent of used cars are sold online trade to trade, a figure set to rise to 30 per cent by 2016.
The company also expects physical auction networks to increase their share of online sales.
Peter Groftehauge, Autorola’s chief executive, said that improved quality of vendors and online marketplaces means buyers are more confident purchasing vehicles online unseen.
Buying used cars at auction is a good way for companies and individuals to save money, however it can be a good idea to put some of those savings to buying new tyres and brake pads, so as to ensure that the vehicle is in top condition.