Fleet remarketing - Page 13

Aston Barclay has announced revisions to its senior management structure to better support its customers as they respond to a turbulent used car market.

BCA has released a major change to its Buyer app with the introduction of live bidding from mobile devices.

Fleet and lease LCVs averaged £7,644 at BCA in August 2019, a fall of £325 (4.1%), month-on-month.

Technology advances, the rise of lease funding and a legal loophole that allows 'mileage correction' have created the perfect incubator for mileage fraud.

Cap HPI has given the newly launched Volvo XC40 T5 Twin Engine plug-in hybrid market leading resale values.

City Auction Group refurbishment service

Cap HPI's Live valuations have reported a positive average movement in used car values for the first time in 18 months.

Shoreham Vehicle Solutions expects the latest ultra-low emission diesels to spark increased interest in the fuel type again in the UK’s used vehicle market.

Used car values are becoming more volatile as the market becomes more complex, Cap HPI has warned.

The Vehicle Remarketing Association (VRA) has announced it will be holding a free seminar that will discuss the key challenges the remarketing sector will face in 2020.

Aston Barclay has hired Richard Cross as its new group sales director.

Cox Automotive says that the used car market should achieve 7.8 million transactions in 2019 following the release of Q2 figures.

Hatfields Group has renewed its Aston Barclay contract.

Demand for petrol and diesel models declined in the second quarter, down by 3.7% and 2.5% respectively, but still made up 98.3% of the market, according to the SMMT.

Manheim recorded an 8% increase in LCV volume year-on-year, with higher numbers of daily rental and fleet and leasing vehicles available at auction.

Air conditioning has ensured LCV values continue to soar, increasing by up to 40%.

Marshall Leasing’s requirement for the in-life vehicle management of their client’s spare vehicles will be provided by CD Auction Group.

A fleet of used Nissan E-NV200 electric vans achieved 116% of their CAP value at Manheim’s annual pop-up commercial vehicle auction for Hitachi Capital Vehicle Solutions.

City Auction Group has made two new appointments at Rockingham, with Maria Avery becoming corporate business manager and Sarah Triolaire named the new administration manager.

ALD Automotive has launched its ALD Carmarket digital platform to give dealers access to its defleeted lease vehicles.

Difficulties faced by manufacturers in the new car market have led to an increase in vehicles being pre-registered, the remarketing industry has been told.

By Jonathan Holland, managing director, ADESA UK

G3 Remarketing has reviewed its appraisal app after hitting 150,000 inspections two years after it was launched.

The new standard has been created to coincide with the launch of the Vanbase supermarket in Bristol this month.

Addison Lee has struck a deal with Aston Barclay to extend its used vehicle remarketing contract for a further 12 months.

The Vehicle Remarking Association (VRA) is warning that outstanding manufacturer recalls in the used car market could attract the interest of Trading Standards.

Rising average age and mileage of fleet and lease LCVs saw their average values fall by 2.2% at BCA sales in May.

Data experts don’t expect trend to continue after RVs fall steeply over recent months.

A dedicated Santander sale will take place on the second Friday of every month, with some 50 ex-fleet vehicles for sale.

Aston Barclay has named Karl Ward as the new manager of its Wakefield site to build on its successful opening earlier this year.

A changing marketplace means fleet vehicle remarketing vendors will need to be flexible to achieve the best values for its customers, says Aston Barclay.

The Vehicle Remarketing Association (VRA) has welcomed three new members this month as the trade body continues to expand.

Pricing experts at Cap HPI say that average used car values for 3years/60,000 miles models fell by 2% in June.

The board of BCA Marketplace has accepted a £1.9 billion offer from LeasePlan private equity owners TDR Capital, which will now be recommended to shareholders

Manheim has announced a new five-year deal with Big Motoring World to remarket 50,000 part-exchange vehicles on a sole supplier basis

The headline used car value at BCA increased in May, with the average value of £9,262 just slightly ahead of April’s figure.

VRA says a central resource providing access to the service histories of all cars and vans that form the UK car parc is needed by the remarketing sector.

Greenhous Fleet Services presented with Enterprise Award of Excellence for three years of fleet storage provision.

Allen Ford has renewed its contract with Manheim to auction 5,000 vehicles a year.

Smart Fleet Solutions is partnering with the Careers Transition Partnership (CTP) and British Forces Resettlement Services (BFRS) to offer Service leavers careers in vehicle refurbishment and repair.