Car buying website AutoeBid.com has launched a new search tool allowing dealerships to sell existing surplus stock to the public.

This includes pipeline, pre-registered, cancelled orders and ex-demo cars from any manufacturer.

The tool offers consumers negotiated savings off list-price.

Chris Greener, of AutoeBid.com, said: "Tell us what you need to sell and at what price along with any special offers and we will make it available to the buying public. Deals limited to contract hire or PCP are accommodated. 

“The natural language search capabilities we have built into the tool make it an exciting industry first as people can look for exact specifications and models, including optional extras.

“We are confident this will be a very popular tool. It’s very appealing to consumers for a number of reasons – from those seeking discounts to those who need a car immediately.”