Fleet remarketing - Page 27

CD Auction Group is to create a new trading division to better serve its fleet, leasing and contract hire customers.

BCA is reporting rising demand for 4x4s after sub-zero temperatures and a large blanket of snow covered much of the country at the start of 2015.

The value of used fleet and lease cars sold through BCA averaged £9,478 in January, a rise of £352 (3.8%) compared to December.

Values in the fleet sector rose to a seven-month high in January, fuelled by a drop in the average age and mileage of vehicles, according to Manheim’s latest Market Analysis.

Autorola UK experienced a 39% (£3,220) increase in the average price of the thousands of light commercials it sold via its online portal in 2014.

City Auction Group is holding its inaugural auction event at Rockingham Speedway, Northamptonshire today (February 5, 2015).

Average values of defleeted cars improved by £566 to £9,455, according to the latest full-year figures from the BCA Pulse report.

David Flesher has been appointed head of digital marketing for Manheim, where he will look to expand the automotive retail and remarketing business’s digital capability.

The average price of a defleeted car at auction now stands at £6,693, just £102 below December 2013’s figure, data from Manheim’s monthly Market Analysis shows.

Average values for light commercial vehicles rose in December, as a shortage of good quality used vans, combined with the shorter trading period in the run up to Christmas, kept values high.

Ireland-based City Auction Group is due to open a specialist automotive remarketing centre at Rockingham Speedway, Northamptonshire, this month.

BCA has announced that it has gained planning approval for a new 20-acre site at Perry Barr, near Birmingham, in the West Midlands.

Mitsubishi and BCA combined to launch the Outlander PHEV onto the used car market at BCA Nottingham on Tuesday (November 25).

Values for fleet and lease vans averaged £6,527 in October – down by £23 on September, according to BCA.

The Vehicle Remarketing Association (VRA) Inspections Working Committee, established to consider how realistic it might be to take a standard approach to vehicle inspections, has concluded that this will only happen if the industry at large works collectively towards this goal.

October’s van values have achieved a new high, with the average selling price reaching £4,909, according to Manheim’s latest analysis of the wholesale van market.

Used car sales hit 7.4 million units last year, the highest volume recorded since 2006, and fuelling a record market value of £42.7 billion, according to BCA’s Used Car Market report.

Aston Barclay has helped raised more than £5,000 for national and local charities around its Westbury, Prees Heath and Leeds auction centres with a series of special sales on behalf of Alphabet.

A pattern in the plans of UK motorists to sell or trade in their cars has been revealed by the independent car information experts, CAP Automotive.

British Car Auctions (BCA) is working towards a stock market flotation that will value the business at around £1.2 billion.

Hudson Kapel Group has extended its relationship with Toyota and will now be inspecting and refurbishing the company’s management and staff vehicles ready for remarketing to the Toyota dealer network.

Used cars made by MG, Rover and Daewoo are most likely to suffer expensive head gasket failure according to new data from Warranty Direct.

The average value of used cars sold at auction across the board decreased from £5,595 to £5,512 last month, although this remains 12% above the average price achieved in August 2013, according to the National Association of Motor Auctions (NAMA).

The used van market shrugged off seasonal apathy usually seen in August to push average prices at auction up by more than 15% over the past year, according to Manheim.

Latest figures from Manheim’s monthly Market Analysis show relative calm in the defleet sector, with prices falling just £14 (0.2%) between July and August 2014. This follows a marginal fall of £103 in the previous month.

Manheim has promoted current chief operating officer, Michael Buxton, to the role of chief executive officer over its operations in the UK, with effect from September 10, 2014.

BCA is reporting a strong second quarter of 2014 in the used commercial vehicle sector.

Average used car values declined in the fleet and lease sector for the third month running, according to BCA’s July Pulse report.

Average prices of used vans sold through Autorola’s online remarketing platform have increased for the third quarter in a row to record levels.

Experian Automotive, part of the Experian Group – has released data which shows that the more economical and greener electric and hybrid vehicles are becoming more popular in the used car market.

Fears that the explosion in new cars financed on PCP will lead to oversupply in tomorrow’s used market are unfounded, according to CAP.

Average prices of used cars sold online by Autorola in Q2 2014 rose by just under 5% from Q1 2014.

Prices of de-fleeted cars at auction strengthened during June, according to the latest Manheim Market Analysis.

Newly released data from BCA shows that average used car values continue on a long term upward trend as the economy continues to recover.

Performance of the used van market has now smashed all pre-recessionary records, according to Manheim.

British Car Auctions (BCA) is offering the thousands of small enterprises that use vans some useful advice on what to consider when buying their next vehicle.

BCA’s latest Pulse report shows that the headline average value of a used car continued to increase in May, rising by £44 to a new record monthly average of £7,597.

Average values for commercial vehicles reached record levels in May, the fifth time in the last six months a new record has been set according to BCA’s figures.

Mike Pilkington, managing director of Paragon Automotive, looks at shaping vehicle disposal strategy.

Commercial vehicle buyers are purchasing more car-derived vans (CDVs) and small panel vans, due to a chronic lack of larger panel vans over 3.5 tonnes, according to the latest market analysis from Manheim.