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Increasing numbers of dealers are signing up to source used cars and vans online as stock shortages increasingly impact on their businesses, epyx is reporting.

Its 1link Trade Buyer platform  is used by fleets such as leasing companies to sell cars and vans to a community of more than 3,500 independent and franchise traders.

The company said 55 new dealers signed up in May, 49 in April and 57 in March. In 2019, the most recent comparable year, the equivalent figures were much lower – 37 in May, 33 in April and 39 in March.

Debbie Fox, commercial director at epyx, said: “Dealers are finding that they cannot obtain all of the stock they want and need from their usual sources and are looking to new outlets in order to attempt to make up the shortfall.

“Especially, they appear to be signing up to digital sources such as 1link Trade Buyer because they are able to search through larger amounts of stock much more rapidly and effectively than through more traditional methods.

“At a point in time when stock is in such short supply and dealers are having to cast their nets much more widely, digital routes are providing an effective alternative.”

She added that she expected the situation to persist and even become more acute over the course of the remainder of 2021.