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Impressive demand for FAB's parts bundles

FAB parts bundle
FAB's recently launched parts bundles have taken off at full speed and growing at a rate of 100% per week - impressive!
We have been following the idea of FAB Bundle since its launch last December as it offers something new for the industry - you only need to buy the parts and not the car! With the potential to create a true wholesale market for the trade we thought we better check on how it's going down.

FAB tell us that demand for their bulk, traceable vehicle parts is rising fast inside and outside the UK, according to figures compiled by FAB Bundle, the first trade site for buying and selling of pre-owned components. Since the December launch, there are now up to 250 bundles being auctioned to the trade every week, with keen interest coming from bodyshops, salvage agents, exporters, vehicle dismantlers, and re-conditioners from across Europe and Russia and of course, the UK trade.

During a week in January, the auction site handled around 250 bundles - typically 12 or 13 dismantled car, LCV or other vehicle parts were sold. At this start-up pace, FAB Bundle anticipate that they may easily transact the sale of over 50,000 parts during its first year.

With 20 million mechanical vehicle repairs being undertaken in the UK since 2007, the potential market for pre-owned vehicle parts is huge. Jason Cross, managing director of FAB Bundle, said: “A month ago bundles of parts weren’t sold in this way, now demand is growing 100% a week. I knew there was an appetite for bulk parts here in the UK, but am surprised at the interest from Europe and further afield”.

“There is significant interest from vehicle dismantlers, who appreciate the fact they can make a very healthy margin by purchasing bulk recycled parts and not cars. With FAB Bundle, they can buy what they need when they need it, professionally dismantled, delivered to their door.”

FAB Bundle’s professional delivery service has also proved very popular, with a number of positive customer comments.

FAB Bundle supplies from vehicles aged 12 years or less, at auction prices. To ensure traceability, only approved partner, licensed vehicle dismantlers are allowed to sell bundles, and all listings are personally screened and approved by FAB Bundle’s staff before they go to auction. Each partner (seller) is also checked and approved by FAB Bundle’s customer services team to make sure they are adhering to FAB’s strict policies on vehicle dismantling processes.
How it works
Approved partners upload images and a vehicle description to one of 12 categories, which is checked by FAB Bundle, prior to going live.

Buyers have seven days from the auction start to complete a deal.

Trade buyers apply for an account at FAB Bundle and pay an annual registration fee. Once approved, buyers can bid for one or more bundles.

FAB or its partners dismantle the bundle before collection by the buyer, the latter can also opt for the parts to be delivered.

Listings fees and charges cover operational costs, delivery and storage. There is an annual registration fee of £45+VAT.

User feedback will enable buyers to quickly gain confidence in partners, helping them and FAB Bundle to quickly achieve a reputation for traceable parts backed up by fast delivery and customer service. To find out more, visit their website.

Fab Recycling are a headline sponsor at CARS 2014. We shall be taking a look at what they plan for us at the show in the near future.

February 2014

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