Fleet remarketing - Page 26

Used van prices rose by 5.7% (£259) at Manheim's auctions last month, with volumes at record levels for June.

Residual values have stabilised throughout £4,599, representing the largest period of stability since November 2012, according to Shoreham Vehicle Auctions.

Used car dealers can now take advantage of a 90 day trial of Epyx's 1link used fleet disposal network.

A new white label disposal e-commerce platform from Epyx is designed to help motor manufacturers maximise their residual values (RVs).

Average values for light commercial vehicles rose by £50 in May to £5,558.

City Auction Group will have its new online bidding platform operational at its next auction on Thursday, June 11, at 9.30am.

An increase in the number of cars going to auction – thanks to the strength of the new car market – is casting a shadow over residual values.

Pressure continues to mount on used car margins as low quality trade stock brings ever higher refurbishment costs for dealers, say CAP Automotive.

Wilsons Auctions has announced yet another partnership with the independently owned and family-run car dealer Arnold Clark.

The second-hand commercial vehicle industry is now global thanks to the entrepreneurial spirit of used buyers, according to Autorola.

City Auction Group has just completed a six figure investment in technology, with the installation of a new online bidding system.

Prices of de-fleeted cars at auction rose again in April 2015, maintaining the year’s trend of consistent value increases.

Vehicle preparation will be key to sellers maximising residuals over the next few years as used car availability continues to improve, says Glass’s.

Members of ACFO and visitors to Company Car In Action 2015 are being urged to attend a seminar on end-of-contract mileage and vehicle wear and tear recharges.

The latest BCA Pulse report shows that the headline average value of a used car rose by more than £350 in April.

There are two distinct pillars emerging in the used LCV market, as volumes of vehicles aged two to four years and those over six-years-old witness growth.

City Auction Group has created a new fleet management department, following significant growth and development of its corporate vendor portfolio.

Difficulties in obtaining credit for some fleet operators has seen one leasing company prepared to fund used cars and vans as well as new.

Used car dealer Carcraft has announced it has gone into administration.

BCA has strengthened its commercial vehicle sales team with the appointment of Dominic Burr and Jonathan Earp.

The average age and mileage of used vans being sold on the Autorola UK remarketing portal increased during Q1 2015.

Improvements in the way Manheim uses data will help defleeted vehicles sell faster and for more money, according to divisional managing director Tim Hudson.

Consistency seems to be the key trend for the de-fleet sector in 2015, as March heralded another month of robust values.

Honda has retained its status as the most reliable used car manufacturer in the UK for the ninth consecutive year, research suggests.

Colours associated with the 1970s - green, beige, gold, bronze, brown, yellow and even orange – are making a comeback on cars, says CAP Automotive.

The Vehicle Remarketing Association’s (VRA) annual conference is promising a diverse range of speakers, addressing topical used vehicle issues, on May 21.

James Davis, head of commercial vehicles at Manheim, looks at the impact of the UK's ageing van parc.

Fleet and lease used values were at near record levels in March, according to BCA's latest figures.

Santander Consumer Finance has renewed its contract with Manheim for a further three years, as part of its ongoing strategy to maintain robust residual values.

Paragon has signed a new long-term deal with General Motors UK to refurbish more than 30,000 vehicles a year.

SMA Vehicle Remarketing is seeing evidence across its network that demand for commercial vehicles is now following the strong demand lead set by passenger cars.

Automotive data provider KeeResources has predicted that recent Financial Conduct Authority regulations will create downward pressure on vehicle residual values.

The average price of a de-fleeted car at auction stood at £7,319 in February 2015, according to Manheim’s latest Market Analysis.

Steve Jackson has been appointed chief car editor at Glass's with responsibility for all car valuations and forecasts for the new and used markets.

Latest figures from the National Association of Motor Auctions shows that during February the average month-on-month value of used cars sold at auction decreased 0.4% from £5,592 to £5,567.

The average value of used LCVs at auction decreased from £4,907 to £4,749 between January and February, reports the National Association of Motor Auctions.

City Auction Group says its second auction at Rockingham was another huge success, with the firm selling 300 vehicles, with a total value of £2 million and all in excess of 96% of CAP.

Demand for ex-fleet used vehicles has picked up significantly in the first two months of the year and looks set to continue through the first half of 2015, according to Andy Brown, managing director of CD Fleet Services.

BCA achieved a record-breaking performance in 2014 selling more than one million vehicles.

Fleet and lease cars averaged £9,673 at BCA in February, a rise of £195 (2.0%) compared to January and the highest monthly value on record.