Fleet remarketing - Page 10

A new webinar series designed to help the remarketing sector prepare for the end of the Covid-19 pandemic has been announced by the Vehicle Remarketing Association (VRA).

Autorola is warning that electric vehicle (EV) prices in used value guides should be used “sparingly” based on its experience of online sales in 2020.

Robert Morris has been appointed as Volvo Car UK’s new head of fleet and remarketing, following Steve Beattie’s move to head of sales.

Copart have announced expansion plans for its Bristol Operation Centre as part of its ongoing growth programme.

Tariffs may have been avoided, but a lack of detail in the Brexit deal could still lead to disruption in the market, the remarketing industry is warning.

Glyn Hopkin has signed an exclusive three-year remarketing deal with BCA that will sell around 8,000 vehicles annually.

BCA is staging four used van and car online auctions over Christmas and New Year, while Aston Barclay announces two online used car sales during the festive period.

TCH Leasing has renewed its remarketing contract with Aston Barclay for a further two years.

Shoreham Vehicle Auctions (SVA) says it’s important for vendors to keep physical buyer options open, otherwise they risk compromising bids and used car prices.

The average price of 24-60-month ex-fleet stock falling by 9.5% (£881) in the month to £10,638, according to Aston Barclay.

Residual values could fall by 10% over the next year as the economic effects of a recession and high unemployment bite.

Move towards internet remarketing was underway, but Covid-19 has helped accelerate trend, reports Tom Seymour

BCA has recorded the third highest average monthly value and the second highest sold monthly volume since the onset of the pandemic in March.

Nexus delivers record volumes of rentals, the Fleet Safety Academy partners with Ctrack by Inseego and Engie announce it's expanding its EV charging network.

Fiat Chrysler Automobiles (FCA Group) has launched a dedicated online auction platform to sell end-of-contract vehicles from its Leasys and FCA Bank businesses.

Autohorn achieves electric vehicle target, Co-wheels launches hybrid-only car club, free telematics guide and VRA offers Brexit briefing.

Cap HPI has announced that Andrew Mee is retiring at the end of the year after having spent the past seven years with the firm.

Used car values have been dropping after a summer of strong growth, but the change in prices is not the result of the current lockdown.

The facility will operate 24/7, delivering a full range of BCA’s services, including defleet and logistics, vehicle remarketing and imaging.

After two consecutive quarters of decline, the UK’s used car market increased by 4.4% in Q3, according to new data from the SMMT.

CD Auction Group is accelerating its growth plans with the expansion of its digital platforms following a management restructure.

Data will be available from January 1, 2021, to ensure fleets can continue to price vehicles accurately and easily, it says.

Aston Barclay is to continue to run a full digital and van sales programme after the new Covid-19 lockdown begins tomorrow.

BCA says that it will be business as usual, with sales remaining online and extended opening hours for vehicle collections, during lockdown.

BCA’s online car retailing platform cinch has secured a £50m finance facility from HSBC and Natwest to boost its inventory

Average LCV values at BCA rose from £7,709 in August to £7,994 in September, a 3.7% rise and the second highest value recorded since lockdown.

Used car values dipped by 2.1% in October – the first fall since March – and look set to fall further, according to new data from at Cap HPI.

BCA continues to extend its online sales programme, with the introduction of a new weekly evening sales event.

A degree of stability seems to be returning to the UK used car auction market, finds forecast editor at Glass's, Robert Redman.

Used van prices sold through Aston Barclay rose 4.2% (£255) to £6,204 in Q3 – an increase of 26% compared to Q1.

Rupert Pontin, director of insight at Cazana provides the monthly pricing insight for September.

BCA has transformed its cinch business into an online retail platform, offering more than 4,000 used cars for sale with home delivery.

BCA is reporting that for the fourth consecutive month average used car values remained above £8,000, with sold volumes also rising.

Arval UK is launching a new consumer-focussed used car website just as LeasePlan confirms it has closed its UK CarNext operation.

The remarketing sector says the ongoing impact of Covid-19 and uncertainty around Brexit are making planning beyond the short term "almost impossible".

Copart UK is increasing its vehicle storage capacity, with an ambitious growth programme underway to allow strategic development and expansion across the UK.

BCA is reporting that average values for used light commercial vehicles improved at BCA in August as sold volumes continued to rise.

BCA is extending its selling programme with the introduction of a new online sales programme starting tomorrow (Saturday, September at 19) at 9.30am.

The used van market shows no sign of slowing down, with record prices being predicted for the rest of 2020 and into 2021.

Average used car values exceeded £8,000 for the third month in a row in August, with sold volumes continuing to rise, up by 3.9% over the month, reports BCA.