Fleet remarketing - Page 21

Uncertainty following the general election created patchy buyer activity for used vans in May but BCA and Manheim Auctions reported improved average sale prices year-on-year.

An offsite auction run by Manheim of Hitachi Capital Vehicle Solutions commercial vehicles set new online remarketing records.

Aston Barclay has launched its new Buyer App, which is free to download on the app store in Android or IOS format.

Motor dealers are concerned that the clocking of used cars is becoming increasingly common on their forecourts, according Cap HPI.

The average price of used cars sold through Autorola UK’s online remarketing portal fell by £394 in Q2 2017 to £9,237 after its record breaking Q1 figures of £9,621.

Cap HPI has welcomed Amanda Hardcastle as its new HR director.

Independent Motor Auctions has secured a remarketing deal with Arnold Clark, boosting the quantity of its used stock at its Blackpool facility.

BCA Belle Vue Manchester set a new volume record on July 5, selling more than 400 light commercials in one day.

Cox Automotive’s wholesale and retail brands saw a year-on-year increase in sold volume throughout June.

Manheim broke a new monthly sales record in May for its Manheim Online business, achieving a growth of 12.5% year on year and making it the most successful month since sales began.

Manheim has held what it believes to be the first vehicle auction at sea – an offsite sale for Citroën on No Man’s Fort in the Solent.

The Institute of Car Fleet Management has launched its new website, reflecting its recent rebranding that boasts added functionality and interactive features.

The current situation surrounding diesel in the new and used car sectors is to be discussed at the July member meeting of the Vehicle Remarketing Association.

Gain Solutions has created handheld inspection software for Brightwells that aims to improve the accuracy and quality of inspections for their auction items.

Addison Lee has appointed Aston Barclay as its remarketing partner, following a change in its disposal strategy.

Average light commercial vehicle values remained steady during June, with the headline value rising by just £7 over the month, although fleet and values fell.

The new LCV market saw an increase in registrations in June 2017 following four consecutive months of decline, according to the SMMT.

Manheim is to launch a double-block vehicle auction in September - which the company believes will be a UK first.

SVA urges leasing companies to get off the fence and start embracing EVs rather than looking for reasons to penalise users with high contract hire rates.

Diesel vehicles continued to slip at a steeper rate than petrol at three years and 60,000 miles, with an overall downward movement of 2% in June.

Arval and Autorola have joined forces to run weekly online used auctions.

The average used van sale price at vehicle auction company Manheim rose 7.3% year-on-year in May to £5,040.

Cox Automotive’s wholesale and retail brands saw a year-on-year increase in sold volumes in May, with selling prices up across wholesale and retail markets.

Calling of snap general election also had some impact though not as much as the EU referendum.

The average value of ex-fleet and lease vans sold at BCA rose £88 to £7,179 in May, 1.2% higher than in April.

Average used car values fell by 2.5% at BCA in May, but professional buyers continued to bid strongly on a wide range of stock.

Buying on the net hits record levels at BCA and Manheim, close to 40% and 34% respectively

A multi-million pound management buyout of the Aston Barclay Group, led by new CEO Neil Hodson, has been announced.

CD Auction Group is confident it will see faster financial returns after securing PSA Finance UK as a vehicle remarketing partner.

CD Auction Group is expanding its operations in Corby with a dedicated commercial vehicle centre.

Snows Group and BCA have renewed their longstanding exclusive remarketing partnership for a further three years, with the new deal running until March 2020.

Aston Barclay has completed a £500,000 investment to refurbish its Leeds auction centre.

The Trade Centre UK has teamed up with BCA to remarket all part exchange vehicles generated from the newly opened car supermarket in Wednesbury.

The daily rental industry is learning the value of defleeting stock in ready-to-retail condition in order to maximise returns, says Meridian Vehicle Solutions.

Used car values dropped 1.6% overall during April, with the lower medium and city car sectors suffering the biggest slide by falling 2.5% and 1.9%.

BCA is aiming to help fleet operators and manufacturers shorten the amount of time a vehicle spends between defleet and dealer forecourt.

Mitsubishi has awarded BCA an exclusive contract to manage its supply chain from docks to in-life fleet management, de-fleet and remarketing.

Remarketing firm Adesa is launching its 'upstream remarketing' system in the UK, that allows the remarketing process to begin before the vehicle is fully defleeted.

Light commercial vehicle values fell slightly in March but remain at near record levels.

New investment by BCA in its automotive and supply chain operations has expanded capacity and triggered a number of innovations.