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e2e reports 25% increase in its subscribed bidder base following the relaunch of its SalvageMarket.co.uk auction platform
SalvageMarket.co.uk, the UK’s premium online salvage auction from e2e Total Loss Vehicle Management [e2e], has been relaunched, taking advantage of latest technology to improve user experience and deliver a technically robust solution with the flexibility to adapt to future market needs. As part of the relaunch, the new look Salvagemarket.co.uk logo firmly positions the auction platform within the e2e brand family.
There are 1000s of vehicles available to purchase on SalvageMarket.co.uk, with 100s of new listings and many auctions taking place every week. Bidders are rushing to register on the new auction platform. In just three weeks since its launch, SalvageMarket.co.uk can report a 25% increase in its subscribed bidder base. The changing face of the UK car parc, and limited availability of new vehicles due to supply chain issues, continue to drive demand as people seek a trusted, reliable source from which to buy a used vehicle. e2e is forecasting significant growth for SalvageMarket.co.uk in 2023.
The investment in the new platform is aligned to e2e’s strategy to drive added value to clients and network members through the adoption, integration and application of emerging technologies. Ongoing investment will be matched with operational agility, enabling Salvagemarket.co.uk to respond to bidder and market needs and reflect its service positioning as the ‘auction platform of choice’.
Jim Loughran, CEO of e2e, said:
Jim Loughran
“We worked closely with our existing bidders and network members in the run-up to the launch to ensure a seamless transition from our old auction platform. We are delighted with the result and the demand from new bidders to sign up. Designed with an uncompromised focus on user experience, this is much more than a platform upgrade; we see it as one of a number of technology-driven, strategic springboards. Building our services around the latest technologies opens up opportunities; in this case, to enhance our auction offering with new functionality and to explore wider possibilities for developing future integrated solutions that add even more value for our bidders and our network members.”
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Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation.
Turning into a circular business and the importance of vehicle reuse and recycling.
The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.
e2e Total Loss Vehicle Management [e2e] is the UK’s only salvage and automotive recycling network with nationwide, environmentally compliant sites delivering performance resilience and service reliability to the insurance and fleet markets.The network’s online salvage auction www.salvagemarket.co.uk drives strong salvage resale values and faster sales.e2e’s salvage clients have access to the network’s stocks of over 5 million quality graded, warranty assured reclaimed parts.
The power of the network model means e2e has the ability to influence industry standards and is committed to continually raising the bar whilst redefining the role and perceived value of the salvage operator.Network members adhere to robust service level agreements, against which they are audited, in order to ensure performance consistency and a market leading customer experience.
The salvage and recycling operating environment is evolving rapidly, and e2e is anticipating, listening and responding to changing market needs.Regulatory compliance, ESG, reclaimed parts, customer experience, EVs, new vehicle technologies, data and reputation risk are just some of many considerations linked to the procurement of salvage services.e2e will drive further added value to clients and members through the adoption and application of emerging technologies, continuing to differentiate its proposition and position salvage services as a professional partnership.
There are 1000s of vehicles available to purchase on SalvageMarket.co.uk, with 100s of new listings and many auctions taking place every week. Bidders are rushing to register on the new auction platform. In just three weeks since its launch, SalvageMarket.co.uk can report a 25% increase in its subscribed bidder base. The changing face of the UK car parc, and limited availability of new vehicles due to supply chain issues, continue to drive demand as people seek a trusted, reliable source from which to buy a used vehicle. e2e is forecasting significant growth for SalvageMarket.co.uk in 2023. 
