Dealer Auction appoints Managing Director

Dealer Auction appoints Kieran TeeBoon as Managing Director

Kieran Teeboon, Managing Director of Dealer Auction

Dealer Auction, the UK's largest trade-only online auction platform, has announced the appointment of Kieran TeeBoon as Managing Director.

TeeBoon has been with Cox Automotive for five years and has been promoted from his role as Operations Director. Prior to Dealer Auction, TeeBoon worked with dealerships including Francis SEAT and Listers.

TeeBoon adopts the new position at a time of strong growth for the business. The platform, which allows dealers to place bids 24-hours-a-day on auctions which take place every sixty seconds, seven days a week, exceeded forecasts for 2017, with a 7% year-on-year uplift in volume sold, and an impressive 12% increase in average sales value. It auctions 8,000+ part-exchange and trade cars every month to more than 4,500 active buyers.

TeeBoon will be responsible for overseeing the growth strategy of Dealer Auction as the uptake of online auction capabilities continues to thrive.

Martin Forbes, COO Cox Automotive, said: "Dealer Auction is an important part of the Cox Automotive family. As the automotive industry moves ever towards digital, we are providing dealerships with industry-leading opportunities to simplify their stock management and, as a result, we've seen phenomenal growth over the past five years.

"The next 12 months will be an exciting time for the business. I look forward to welcoming Kieran into his new position to drive this growth forward."

TeeBoon's appointment is part of a wider succession plan to structure the leadership team at Dealer Auction for continued success, which also sees Gary Nixon move to National Sales Director following his four-year tenure as Business Development Manager. The company has also appointed Scott Allen as General Manager.

TeeBoon said: "Becoming Managing Director at Dealer Auction is a fantastic accolade and I'm honoured to extend my role within the business. We have a great team who move heaven and earth to exceed our clients expectations and provide a terrific service.

"Part of the success of Dealer Auction is its ability to integrate with our wider Cox Automotive services, enabling dealerships to fully manage all areas of the dealer spectrum. From the moment they purchase vehicles through Dealer Auction, dealers can organise logistics with Movex, fund purchases with NextGear Capital and advertise new vehicles through Motors.co.uk. As a group we are making dealer management easier, increasing efficiency for trade buyers and franchised main dealers and I look forward to continuing this success."

Latest from Cox Automotive

19th October, 2018

Cox Automotive UK announces sale of Motors.co.uk to Gumtree UK, an eBay Classifieds business

Cox Automotive has today announced the intention to sell its consumer-facing car search business, Motors.co.uk, to eBay for an undisclosed sum.

Read more
16th October, 2018

Winter warmth in the wholesale LCV market

Manheim, a leading provider of integrated products and services for the vehicle remarketing sector, is predicting the UK wholesale van market will superheat through the final quarter of 2018 and that

Read more
15th October, 2018

Used car market shows its strength against double digit decline in new car market

The used market remained buoyant this September, according to data released today by Cox Automotive UK, in stark contrast to the new car sector which witnessed a steep decline in registrations.

Read more
11th October, 2018

Cox Automotive Insight Report 2018

How will the used car market perform during the rest of this year? What will become the future fuel of choice? What are the barriers as we drive towards Mobility as a Service (MaaS)? Find out more...

Read more
More articles