Fleet remarketing - Page 38

HPI continues to help dealers take stock in a challenging market, with the launch of new HPI mid-month valuations.

Activity on Simulcast at Manheim Auctions, Gloucester, continues to break records, after a total of 180 trade buyers from around the country made nearly 700 online bids for 161 vehicles and bought 73 of those commercial vehicles, representing 25% of all commercial vehicles sold on the day.

Average wholesale used van values stabilised in August with average values up by just 0.5% (£19) to £3,869, according to Manheim Remarketing’s latest monthly market analysis for vans.

Low volume of available stock in the used car market is comparable with the first half of 2009, but muted demand is preventing a repeat of that year’s rise in values, according to the September edition of Black Book.

Manheim Remarketing’s latest Market Analysis for Cars reports that in August values of 4x4s have strengthened while values of small hatchbacks have decreased in all three sectors – fleet, dealer part exchange and manufacturer.

The latest Mercedes-Benz closed sale at Manheim Auctions, Leeds, saw 143 Mercedes-Benz and smart vehicles were offered for sale.

To promote its used vehicles directly to professional car dealers, Arval launched the e-commerce platform MotorTrade in 2009. After two years of business, and deployment in more than ten countries, MotorTrade has just made its 100,000th sale.

Manheim Auctions Manchester has expanded its sales programme following the addition of its latest new vendor – Toyota and Lexus Financial Services.

Demand for older, lower value dealer part-exchange cars improved in July, but the fleet and lease sector has experienced more price pressure, according to BCA’s latest Pulse report.

Manheim Remarketing has further enhanced its new automatic bidding service, proxy bidding, by making it available to trade buyers through the mobile version of its website available on the iPhone, iPod Touch, iPad Android and Blackberry (OS 6) platforms.

Peter Vardy has signed up to Manheim’s Seller Advance and has appointed Manheim Auctions, Glasgow, as one of its auction partners to support its remarketing strategy.

The internet remains the preferred research tool used by motorists when looking to buy a used car, with 84% of consumers visiting online classifieds, a survey suggests.

With a prevailing tough economic climate and patchy recent months for the remarketing industry, small cars remain king with more and more buyers chasing a restricted stock, according to the Vehicle Remarketing Association (VRA).

Average wholesale used van values have returned to levels similar to those of April and May following a boost in values during June, says Manheim Remarketing.

Following a fourth successive month of decreases average wholesale used car values are now close to December 2010 levels, according to Manheim Remarketing’s latest market analysis.

Manheim Remarketing has announced record sales results for a selection of nearly new vans entered for auction by Arval and Enterprise Rent a Car.

CD Auction Group is to stage its first 'top car' sale featuring the very best prestige brands and vehicles. The new sale, which will take place on August 10, follows on from the successful launch of a regular, high quality late-plate auction earlier this year.

Looking at the half year averages, the age of cars sold has been rising since the back end of 2008 and went above 61 months for the first time on record in 2011, says BCA.

Manheim Auctions introduces new auction programme for franchised dealer buyers at Bruntingthorpe.

New investment has enabled Manheim Auctions, Bristol, to expand its site by an additional 2.2 acres and introduce a new auction programme every Monday.

SMA Vehicle Remarketing’s Newcastle centre was recognised as the Auction Centre of the Year at the annual Motability Operations Supplier Awards.

Vehicle Remarketing Association members believe that the current state of the automotive market is ‘bad’ compared to the period immediately before the recession.

A British Car Auctions (BCA) event held at Microsoft’s London Headquarters has urged the used car industry to develop a mobile strategy.

Overall average wholesale used car values fell by 2.5% (£168) to £6,640 in June, the third consecutive month that a fall in values has been reported, while the fleet sector also fell by 2.5% (£155) to £6,100.

Remarketing experts are calling for an industry-wide vehicle description and grading guide to be introduced.

Online remarketing channels are not set to over-take physical auctions in the near future, according to industry experts.

Providing used car buyers with online images and descriptions as early as possible prior to sale is the key to successfully negotiating the current tough used vehicle market.

Manheim Remarketing is expecting a spike in demand for three to five year old vans in the London area as local authorities call time on old vans from January 2012.

British Car Auctions is holding a huge sale of vans tomorrow (Friday, July 1) at its Bridgwater Auction Centre.

Fleet representatives discuss the issue of end-of-contract damage charges.

After further used price falls in May, the remarketing industry is reporting reasonable demand, but buyers are definitely shunning very high mileage stock and particularly those with excessive damage.

Nigel Paling has been appointed as the new centre manager at Manheim Auctions, Leeds, following Mark Taylor’s appointment to Manheim Auctions, Colchester. Paling will be responsible for all vehicle auction activity on the Leeds site including cars, vans, trucks and plant.

Research by Manheim Auctions has revealed that 55% of motorists don’t park their car in their garage, preferring instead to use it to store household items or as a garden shed.

Overall average wholesale used car values fell by 3% but the the fleet sector remained stable, according to the latest report from Manheim.

BCA is reporting a successful opening for its new remarketing centre in France, based in the historic city of Nimes in the South-East of the country.

Mark Taylor has been announced as the new centre manager at Manheim Auctions, Colchester, following the promotion of Chris Cush to the position of commercial director responsible for Manheim’s Birmingham, Bruntingthorpe, Colchester, Northampton and Wimbledon auction centres.

Citroën UK achieved an excellent result in a special Live Online Closed Sale at BCA Measham.

CAP Automotive Intelligence Services was formally created following the business's rapid growth in the area of customised research for specific customers.

Glass’s will launch the most significant changes to its valuations system for at least a generation, resulting it says in dramatic improvements.

The Vehicle Remarketing Association (VRA) has announced details of its mid-year seminar being held on Thursday, June 23, at the Ricoh Arena in Coventry.