Announces the Riyadh Development Company valued for its shareholders that the General Assembly Twenty-first regular session, which was held on 06/03/1434 H corresponding to 04/13/2013, and agreed to... >> 1 - Net profit during the first quarter of 115 million riyals compared to 93.3 million riyals for the same quarter of the previous year, an increase of 23%, compared to 71.2 million riyals >> Company announces the Riyadh Development that was held by the General Assembly the twenty-first regular at six-thirty in the evening on Saturday 06/03/1434 corresponding to 04/13/2013, where it was... >> The Board of Directors is pleased to invite the shareholders who own twenty shares or more to attend the regular meeting of the General Assembly Twienty one "for the second time" to be held, God... >> The Board of Directors shall invite the shareholders who own twenty shares more to attend the AGM atheist Twenty "for the second time" and scheduled God willing at six and a half on the evening of... >>
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ARDCO International Auto Auction in Al-Riyadh
Saturday, 20 March 2010 10:32

مزاد معدات الكهرباءUnited Motors' Electrical Equipment Auction was able to sell 100% of damaged and inoperable cars, in addition to the Trucks and Heavy Equipment Auction which realized 100% selling rate.

 

 

United Motors' Electrical Equipment Auction was able to sell 100% of damaged and inoperable cars, in addition to the Trucks and Heavy Equipment Auction which realized 100% selling rate.

 

The United Installment Sales Company had a considerable success in ARDCO International Auto Auction, by selling all their damaged and inoperable cars that were on display in the showrooms of the exclusive auction held last Thursday February 25th, 2010, with 100% selling rate. One hundred cars of various new models of 2009-2010 were on display. Sales were made with record time and strong unprecedented attendance of used car dealers, showroom owners of used car parts and workshops.

 

On the other hand, the Management of ARDCO International Auto Auction in Al-Riyadh successfully organized the bids on truck and heavy equipment during the auction held for the first time within auction rooms. The following Thursday evening, February 25th, 2010, Saudi Electricity Company put on display their stocked trucks, heavy equipment and related accessories, especially following the auction management's great success in selling the small vehicle and damaged vehicle stock. The company offered 73 trucks that were entirely sold, in a record time, to a great number of people interested in such activity.

 

At present, the auction witnesses a strong participation by government and national establishments and companies to sell their stocked new used and damaged vehicles of all European, Japanese and American types and models, with strong attendance and competition, as well as a big number of auction visitors from inside and outside Al-Riyadh.

 

Sales made by ARDCO International Auto Auction were of 384 bids, while more than 16,074 vehicles were sold with selling rate exceeding 80%.