Fleet remarketing - Page 28

Lex Autolease has opened a new multi million pound car supermarket and vehicle processing centre in Coventry, creating 30 new jobs.

Leasing companies and pricing experts are predicting that the used car value bubble is likely to burst, while a booming new car market will increase the pressure.

SMA Vehicle Remarketing’s Birmingham centre is the first in the group to install an electric charging point on site.

Jon Mitchell, UK sales director at Autorola, investigates the growth of online auction platforms.

HK Remarketing, part of the Hudson Kapel Group, has secured a new contract with Ogilvie Fleet.

The latest market analysis on the wholesale LCV market from Manheim shows average values bounced back to near-record levels of £4,735 during April 2014, reflecting a fall in average mileage from 80,302 to 80,191 and a reduced average age from 65 months to 63 months.

The used car market in a small part of South East England is defying the rest of the country as conversion rates and prices remain buoyant, according to Shoreham Vehicle Auctions (SVA).

The average value of used cars sold at auction across the board decreased 3.4% from £5,259 to £5,153, according to the National Association of Motor Auction's monthly market report.

Average values for used commercial vehicles rose to record levels in the first quarter of 2014, up by £641 (13.4%) over the twelve month period, according to BCA.

Prices of de-fleeted cars at auction fell in April, as the age and mileage of vehicles rose slightly, according to Manheim’s latest monthly barometer of auction activity.

BCA’s latest Pulse report shows that the headline average value of a used car increased in April by £166 compared with March to £7,553 - the highest monthly value this year and the second highest on record.

Manheim has held its first open online van auction, part of Manheim's new online trade sales programme, which now includes a 'Bid & Buy Now' facility and features both 24/7 listings and specific timed events.

Manheim’s Market Analysis report for March 2014 shows that the average selling price of de-fleet vehicles increased by £715, or 10.1%, during the month.

CD Auction Group is supporting the Great Ormond Street Hospital Children’s Charity with a special 25th birthday online auction, which will take place on Wednesday, May 14.

The National Association of Motor Auctions (NAMA) reports the average values of used LCV’s at auction across the board decreased by 1% from £4,844 to £4,794 between February and March.

Values for ex-company light commercial vehicles remain at, or close to record levels, and while it might appear that prices are on a knife edge if vendors follow the golden rules of disposal then windfall conditions will continue for many more months.

Manheim has hosted its largest online auction to date, with manufacturer Nissan achieving 100% conversion at a special closed sale for its franchised network.

Average values for commercial vehicles reached record levels for the fourth consecutive month according to BCA’s latest figures.

Aston Barclay has launched the AB Live app, which allows buyers to bid in sales across the Group’s four auction centres from wherever they are with a Wi-Fi or 3G connection.

The partnership between British Car Auctions (BCA) and the AA is giving auction buyers even more knowledge on vehicle condition ahead of making a bid.

SMA Vehicle Remarketing is reporting exceptional levels of volume and conversions along with increased buyer footfall digitally and across their network of auction centres during the first quarter of 2014.

Car supermarket Carcraft has announced that Robin Bridge CEO has led a management buyout, buying the business for an undisclosed sum from the McKee brothers, with support from Apollo Ventures.

National used car retailer ACF Car Finance says that former fleet-owned vehicles now often need extensive and expensive servicing before they can be offered for re-sale.

Citroën has chosen Autorola UK as its online remarketing partner to open up its dealer network used vehicle stock to more than 2,000 trade buyers across the UK.

BCA has unveiled a major expansion in the Netherlands, moving to larger purpose-built premises in Barneveld with additional testing, preparation and inspection facilities and acquiring Fleetselect Online Car Auctions.

SMA Vehicle Remarketing has underlined its commitment to increase their presence in the commercial vehicle remarketing with the appointment of John Harland as business development manager and auctioneer.

Manheim has re-launched its Leeds centre this week, following a six-figure investment.

The Hyundai i40 was the fastest selling used car last month, taking an average of 28 days to sell, according to Glass’s.

Vauxhall models, including newcomers such as the Insignia and Mokka, have found favour with independent residual value experts.

Hudson Kapel Group is maintaining and enhancing its investment strategy for its vehicle remarketing arm, Hudson Kapel Remarketing, established just over a year ago.

Manheim has acquired Lanarkshire-based Shotts Motor Auctions.

Average values for commercial vehicles reached record levels for the third consecutive month according to BCA’s latest figures.

The Vehicle Remarketing Association (VRA) has confirmed dates and venues for two key events in 2014.

Tim Spencer will be joining Shoreham Vehicle Auctions as their commercial vehicle manager on March 1, 2014 to help grow its commercial vehicle division.

Pool Fleet Management is a valuable tool to maximise efficiency in fleet operations and ensure managers know the location and status of the vehicles in their fleets at all times.

The supply of used cars into the wholesale auction market should start to pick up in the next three months, according to CD Auction Group.

Aston Barclay has launched three new products to increase its online portfolio and complement its existing services.

Employees at BCA Measham Commercials are celebrating after the company was named best performing auction centre over the past 12 months by major customer Enterprise Rent-A-Car.

A BMW sale at Manheim's Colchester site reached £12.4 million at an event that saw almost 800 people register online and in the halls.

Aston Barclay Prees Heath, the auction Group’s Shropshire-based vehicle remarketing centre, is to re-launch its award winning auction centre following completion of a £375k investment and refurbishment programme.