Fleet remarketing - Page 22

Hitachi Capital Vehicle Solutions has renewed its remarketing deal with Manheim for the next three years.

Cox Automotive observed increases in average selling prices and incredibly high buyer activity within the used car market in March.

Average values continued to rise in March as BCA reported steady demand from professional buyers and improved conversion rates.

BCA is expanding its Bedford centre to include new valet, appraisal and vehicle imaging services and a new training facility.

Conversion rates for van sales in March at Manheim increased by 3% from February, despite a 6% increase in volume, and were also up significantly year-on-year.

BCA has acquired 75% of Supreme Wheels Direct, a specialist in alloy wheel refurbishment, for an undisclosed sum.

FullAuction, the trade-only online vehicle auction site from Cooper Solutions, enjoyed record buying and selling activity in 2016.

BCA has supported its digital ambitions with the appointment of Fiona Hall as head of online products.

The UK’s auction halls are experiencing record volumes, according to BCA which saw its inventory hit record highs with more than 50,000 vehicles at points in February.

The average price of ex-fleet cars was recorded at £10,202, falling by 3.7% from February 2016,according to Manheim.

Manheim saw the overall volume sold at its van auctions rise 18.1% year-on-year in February, while average selling prices increased 12.6% over the same period to £5,443.

Three-year-old ex-fleet stock remained extremely strong throughout 2016 and into Q1 2017 at Shoreham Vehicle Auctions, due to the continued high demand in the used market.

Aston Barclay’s Leeds auction centre has been named LeasePlan’s Best Value Provider for its performance in Q4 2016 and for the year as a whole.

Vindis has signed a new two-year exclusive remarketing deal with Manheim, continuing a five-year relationship that has seen around 4,500 vehicles sold per year.

Britain’s used car market reached record levels in 2016 with 8.2 million vehicles finding new owners – an uplift of 7.3% – according to figures from the SMMT.

Work is continuing apace in Belle Vue, Manchester, where BCA is developing a new commercial vehicle remarketing centre.

BCA Blackbushe established record sold figures on February 2, when the centre staged the biggest LCV sale ever held in the BCA group.

Fleets are retaining their current replacement cycles to ensure they are best placed to use the company car as a powerful retention and recruitment tool.

Light commercial vehicle volumes rose sharply in January putting pressure on average values and conversion rates, particularly in the fleet, lease and daily rental sector where values fell by 1.0% compared to December.

Leeds-based Independent Motor Auctions has invested more than £200,000, increased its sales targets and added to its team as part of its expansion plans.

The Vehicle Remarketing Association (VRA) has appointed three new directors to its board: Rupert Pontin (Glass’s), Tim Hudson (Cox Automotive/Manheim) and Philip Nothard (Cap HPI).

Manheim has launched a weekly truck and trailer auction at its dedicated site in Coventry.

The average price of used cars sold through Autorola UK’s online remarketing portal fell in Q4 to £8,983 on the back of a higher average age and mileage.

Online sales values of ex-fleet stock beat physical auctions by an average of 1% or £220 per vehicle in 2016, according to new figures compiled by Epyx.

Glyn Hopkin has signed an exclusive three year remarketing deal with BCA, running until the end of 2019.

Used car prices rose in fleet, wholesale and retail markets in December, providing a strong finish to 2016, according to figures from Manheim and Motors.co.uk.

Having reached record levels in recent months, values for fleet/lease and dealer part-exchange vehicles at BCA fell during December 2016.

The used market looks set to finish 2016 with a healthy supply of cars matched by healthy demand from buyers, who are keen to purchase stock during a buoyant Christmas and New Year trading period.

BCA has put digital services at the heart of its future plans to make it easier for customers to manage vehicles across the automotive supply chain.

The LCV market continues to go from strength to strength and October did not disappoint.

Independent Motor Auctions has acquired West Coast Motor Auctions in a deal worth an undisclosed seven-figure sum to include the business and property.

The average value of a used fleet and lease van sold at BCA rose by £306 (4.4%) to £7,190 in October, the highest point since Pulse began reporting in 2005.

Wholesale and retail average selling prices for used cars rose in October, according to data from Manheim and Motors.co.uk, along with overall demand for SUVs.

Mercedes-Benz is to increase its remarketing volume to Aston Barclay by including the newly refurbished Westbury auction centre in its 2017 sales programme.

Škoda is piloting a new approach to selling used cars to try and make the process more personable and more informative to customers.

Aston Barclay has seen significant growth of 21% for total volumes sold in September, year-on-year, with overall auction activity proving extremely strong towards the end of Q3 2016.

Used fleet/lease car values at BCA increased by 1.3% in September to rise above £10,000 for the first time on record.

Using video technology to showcase cars in stock has helped Volkswagen retailers cut two weeks off the amount of time those cars spend on the forecourt.

The average price of used cars sold through Autorola UK’s online remarketing portal increased to a 2016-year high in Q3 to £9,211.

Imperial Car Supermarkets has signed an exclusive remarketing deal to dispose of part-ex cars through BCA auctions for the next two years.