Fleet remarketing - Page 9

JustGoEV has launched an online marketplace for new and used electric, plug-in hybrid and hybrid cars.

A lack of key components such as semiconductors has led to a cut in commercial vehicle production.

The need for self-isolation and recruitment issues are causing staffing shortages across the remarketing sector, according to the VRA.

Average used car values rose above £9,000 for the first time on record in June at BCA as sold prices outstripped market expectations by a significant margin.

Cox Automotive has acquired FleetMaster, a specialist in workflow technology for rental, leasing and dealerships, for an undisclosed sum.

Delays to new van deliveries are helping drive used values to record-breaking levels as fleets hold on to vehicles longer and demand outstrips supply.

BCA saw an ‘exceptionally strong performance’ with record number of customers buying online and sold volumes rising ‘significantly’, in May 2021,

Double digit increases reported in used car prices in recent months are likely to continue and could go even higher, says the VRA.

Rockingham Motor Speedway has been acquired by remarketing and car retail giant Constellation Automotive Group for £80 million.

Used van prices will continue to rise for the rest of the year as the sector continues to be affected by material shortages in the new van market.

Price premium for pure used battery electric vehicles (BEVs) is leaving buyers reluctant to make the switch, when faced with a cheaper, second-hand diesel car.

Lex Autolease and Black Horse have agreed a new five-year remarketing contract with BCA, renewing the original deal struck five years ago.

Aston Barclay has developed a used car desirability index that can help fleet operators understand which models are commanding the most attention at auction.

Used car prices for three-year-old vehicles have increased on average by 6.7% during May, equivalent to £800 per car, according to Cap HPI.

FleetCheck reports some customers are expressing RV fears over buying new diesel and petrol cars and vans ahead of the 2030 ICE ban.

Used car sales in the UK fell 8.9% in the first quarter of 2021 compared to the same period last year, figures from the SMMT show.

Andy Pearce, managing director of CD Auction Group, says it is time for a greener set of KPIs to judge the efficiency of the de-fleet and remarketing process.

An emerging shortage of semiconductors risks disrupting global car and van production, fleets are being warned by the Association of Fleet Professionals (AFP).

The latest news in briefs from the fleet industry including Select Car Leasing celebrates a 'successful' 12 month partnership and the VRA announces new webinar.

The used car market is booming, with Cap HPI reporting the largest increase in values seen in 12 years.

The Car Buying Group (TCBG) has formed a new partnership with Engineius to deliver a new remarketing solution.

Prices of diesel used cars reached a new high during the first quarter of this year, according to Autorola’s latest online remarketing report.

Aston Barclay has announced plans to welcome physical buyers back to its auction halls from April 12, while following Government Covid-19 measures.

Andy Pearce replaces Karl Howkins, who had left the business to join Sogo.

The British Vehicle Rental and Leasing Association is partnering with APD, Auto Trader and Cap HPI to provide market data and trend analysis for its members.

Adesa UK has partnered with QA Vehicle Solutions, expanding its defleeting operations into Scotland.

The average monthly value across all LCVs rose above £9,000 at BCA in January.

New car supply issues caused by post-Brexit trade deal with the EU, according to Cox Automotive, while the used car market is outperforming expectations.

Fleet and remarketing decision-makers need to prepare for a looming volume returns challenge, MJB Automotive is warning.

Cazoo has acquired independent vehicle reconditioning and storage specialists, Smart Fleet Solutions (SFS), for an undisclosed sum.

The UK’s used car market fell by 14.9% in 2020, according to new figures released by the Society of Motor Manufacturers and Traders (SMMT).

Autorola UK is offering a white label version of its online wholesale used car sales portal to support the disposal of used vehicles.

The 600 IMDA members will have access to Aston Barclay’s six auction centres with IMDA stock being branded as part of weekly dealer sales held at each site.

New car registrations were down almost 30% due to reduced demand and severely impacted new car supply - used car sales were also down.

Arval has signed a deal to provide leasing options for the new and used car platform, YesAuto, which launched in the UK last year.

Pave, an inspection tool that appraises vehicles in real-time, has been launched by MJB Automotive Solutions.

FMG announces new MD of its repair services division, while Cinch and Kura also make senior management changes.

LeasePlan UK has struck a five-year remarketing services agreement with long-term partners BCA.

Group 1 Automotive has renewed its exclusive remarketing deal with BCA to support its used car programme for a further two years.

Used stock from the Reflex Vehicle Hire fleet will be sold to traders via a new online auction platform developed in-house.