He tells AutoTalk that the higher buyer fees – which come into effect from Sunday – are driven by large vendors, seeking an adjustment in their vendor commissions.
“It’s revenue neutral – it’s a re-balancing – in fact we’ll lose money in some areas.”
Hunter says that buyers will continue to factor the new fees into the prices they are prepared to pay for vehicles – as they have always done.
“We have received market feedback from a number of our large vendors that there needed to be re-alignment between the vendor commissions and buyer fees. This is what has driven the change.
“We have absolutely tried to keep these fees as competitive as we can.
“We will continue to provide services of value to buyers – no online buying fees, no phone bid fees, credit terms available to approved customers, great quality photos and vehicle information,” adds Hunter.
