Fleet remarketing - Page 23

Auction houses develop their own, but NAMA says national scheme would be ‘colossal workload’.

Fleets "hanging onto" cars and vans in an attempt to achieve unrealistic and inflated valuations are causing distortions in the used car and van markets, says Glass's.

The UK’s used car market grew by 7.9% to more than 4 million units in the first half of 2016, according to new figures published by the SMMT.

Automotive data experts Cap HPI has revealed the fastest selling used cars based on the latest market sales data.

Manheim has launched a new weekly ALD Automotive sale of returned fleet and personal lease cars at Bruntingthorpe.

BCA Marketplace is promising an “unrivalled network of refurbishment, fleet management and remarketing centres for fleets of all sizes”.

Glenn Sturley has been appointed chairman of the Vehicle Remarketing Association (VRA), following the retirement of John Davies.

Ian Denny has been appointed as head of sales - digital media at Cap HPI as a result of the growing influence of digital technology across the automotive supply chain.

Seasonal pressures pushed the used car market to a 1.6% decline in July reports Cap HPI.

Black is the new white for car colour according to latest data produced by automotive experts, Cap HPI.

Latest industry figures show clocking – where the mileage is reduced to increase a vehicle's resale value – increased by 10% from March 2015 to October 2015.

Manheim saw the average selling price for cars sold in its auctions rise by 9.4% in June to £5,918.

Manheim has processed the 7,000th vehicle through its dedicated Vehicle Solutions preparation centre in Leeds, which opened at the start of 2016.

Manheim Commercial Vehicles has broken records for vehicles sold, conversion rates and online sales in the first half of the year.

​BCA is celebrating the 70th anniversary of its first vehicle auction.

BCA has opened a new de-fleet operation in Doncaster, specialising in pre-delivery inspection (PDI), in-life fleet management and end-of-life refurbishment.

Aston Barclay has launched a new mobile inspection app to provide quicker inspections with enhanced reporting.

The used car market steadied in June as the pace of decline in used values slowed to 1% reports Cap HPI.

Less than 3% of vehicles sold at auction are ‘alternative fuel’; taking on average four times longer to sell than petrol or diesel, according to Venson.

by Tim Cattlin, light commercial vehicle consultant

Auction and asset management provider the G3 Group has appointed a new director as part of its expansion plans.

Manheim Commercial Vehicles has confirmed a record-breaking start to the year in its van division.

Rostrum representation from fleets is becoming ever more important to achieving good results at motor auctions, says Glass's.

The average value of ex-fleet and lease LCVs sold at BCA in May was £6,786, 5.3% more than in the same month last year.

For the second month running, average used car values rose across the board according to BCA’s Pulse report.

Manheim has secured a sales programme with Sinclair Group to sell part-exchange stock from 12 of its Seat, Škoda and Volkswagen sites.

America-based KAR Auction Services, a provider of end-to-end vehicle remarketing services, has acquired GRS Remarketing, a subsidiary of Greenhous Group.

Motorpoint Group has completed the acquisition of Lex Autolease’s Car Select car supermarket at Oldbury, near Birmingham.

Sinclair Group has announced a new remarketing partnership with BCA for prestige and premium vehicles.

Inchcape has signed a three year remarketing deal with BCA, across both its fleet and retail businesses.

The independence of UK car auctions is at risk, Matt Dale, director of vehicle remarketing specialist G3 has warned.

Manheim has appointed Stuart Miles as business development director to help drive the business’s development strategy and sales organisation.

Values of used LCVs are continuing to rise despite increasing volumes of used models coming to auction and record registrations of new LCVs.

Paragon has launched a new division to help manufacturers and fleet operators manage alternative fuel vehicles through the de-fleet and refurbishment process.

Fleets could benefit in both conversions and values through the de-fleet process by providing a little extra vehicle information to dealers to comply with tighter consumer protection.

Arval has partnered with appraisal and remarketing system TradeRev for a live auction pilot.

Aston Barclay has replaced its fleet of vehicle transporters with new Scania P410 trucks and bespoke, nine-car Pegasus trailers from Rolfo.

Manheim has seen three of its trainees graduate from its dedicated programme for training auctioneers to become ‘masters of the gavel’.

Manheim has launched its new Surecheck pre-auction inspection service, aimed at offering buyers extra peace of mind.

Manheim’s Mobile Auction Unit has sold more than £1 million worth of vans since its launch at the Commercial Vehicle show last year.