Fleet remarketing - Page 29

Manheim Auctions’ implementation this month means that all of the UK’s leading motor auctions now interface with epyx’s 1link Disposal Network.

Average values for commercial vehicles continue to rise, as January 2014 posted the highest figure on record according to BCA’s latest figures.

Fleet and Lease residual values were up 8.1% year on year in January, according to BCA’s latest Pulse report.

Glass’s has launched a tool that will give the fleet and finance industries the ability to connect directly with dealers to remarket vehicles more efficiently.

The Vehicle Remarketing Association (VRA) is urging manufacturers to plan ahead for the time when vehicles supplied with a personal contract plan (PCP) are returned.

Manheim has unveiled its new direct trade sales channel, Manheim Online.

CD Auction Group has relaunched its pool fleet management portal with a fresh look to its home page and more intuitive workflow.

SMA Birmingham’s regular fleet sale will be expanded from the start of February 2014, with vehicles from Lex Autolease.

BCA has announced a rollout of its new Commercial Vehicle Video Appraisal service in 2014.

Van values increased by 5.5% during 2013, despite a significant rise in their age, according to market analysis from Manheim.

Average used car values at BCA rose sharply last year as the combination of buyer demand and an ongoing shortage of retail quality stock increased competition for the vehicles on offer.

Data from the National Association of Motor Auctions shows the average value of used cars sold at auction across the board increased 10.4% from £5,413 to £5,975 in December, as the average age and mileage of stock sold improved slightly.

The average values of used LCVs at auction across the board increased by 5.4% from £4,512 to £4.757 between November and December, according to the National Association of Motor Auctions (NAMA).

The average price of a de-fleeted car at auction increased by £178 during 2013, according to data from Manheim’s monthly Market Analysis

BCA reports a record year in 2013 as sold volumes rose well above 600,000 units for the first time.

December 2013 achieved the highest monthly average used car values, according to the latest BCA Pulse report.

The Independent Automotive Aftermarket Federation (IAAF) and its members have raised more than £85,000 for motor trade charity BEN in 2013.

Glass's expects frenzied trade activity for used stock in January as leasing defleet activity slows at the end of the year.

The wholesale used car market could be moving towards a ‘perfect storm’ of tight vehicle supply and rising retail demand, says Roger Woodward, managing director of online remarketing specialists, CD Auction Group.

Average fleet prices dropped £201 month on month in November to £8,545, according to G3 Remarketing.

During November, the average value of used cars sold at auction across the board increased 4.1% from £5,199 to £5,413, while the total volume of sales dropped 11.8% from 107,678 units to 94,957 units, according to the National Association of Motor Auctions (NAMA).

The Jeep Patriot has taken first place in Glass’s league of fastest selling cars for November, taking an average of 25.6 days to sell.

As average used car values have surged to record levels during 2013, BCA suggests next year could bring more of the same in the used car market as the availability of retail quality used cars is likely to remain limited.

The Retail Automotive Alliance Ltd (RAA) has confirmed a new deal with Manheim for the remarketing of more than 25,000 vehicles annually.

Roger Woodward, managing director, CD Auction Group, says the big boys in the remarketing industry are using their commercial muscle to lock-in vehicle supply.

Manheim’s latest Market Analysis highlights that the average selling price of ex-fleet vehicles adjusted slightly from the record high achieved in October, with values falling by £131 during November.

LCV fleet values were up by almost a third in November 2013, compared to 2012, according to BCA.

Used van values hit a record high in November, according to figures from Manheim’s market analysis of the wholesale light commercial vehicle market.

Average values continued to surge to record levels in the used car market according to BCA’s latest Pulse report.

CAP is introducing a significant change to its residual values forecasting model, with a year-over-year deflation percentage prediction replacing the traditional depreciation curve.

Manheim has continued to see online records tumble ever since its first digital vehicle auction platform was launched nine years ago.

SMA Vehicle Remarketing is extending its partnership with Vehicle Trading Group to offer dealers an even wider stock funding service, backed tup with on-site stock funding offices and support across the SMA network.

Manheim is warning that dealers collecting stock in December and waiting for the January 'bounce' could be taking a risk.

Average values of used LCVs at auction across the board rose by 7.7% from £4,346 to £4,681 between September and October, according to data from the National Association of Motor Auctions.

The average value of ex-fleet cars sold at auction during October increased 5% from £8,250 to £8,625, according to The National Association of Motor Auctions (NAMA).

A defleet to sale time of seven days is being consistently achieved by Zenith through 1link Disposal Network.

The New Year could be the best that anyone can remember in terms of light commercial vehicle residual values, according to George Alexander, chief editor, Glass’s Commercial Vehicle Guide.

Contract hire and leasing companies are potentially risking residual value suicide by, in some cases, writing new business based on current used prices even though cars will not be defleeted until at least 2016, it is claimed.

Paragon has won two major contracts; the renewal of its contract to defleet and refurbish all of Renault UK’s company, demonstrator and rental vehicles and a new reconditioning contract with Renault Credit International Financial Services (RCIFS).

Many motorists are still in the dark about the true value of their car - until they check the facts, according to independent car information experts CAP Automotive.