Fleet remarketing - Page 14

Manheim’s inaugural HGV drive-through-auction at Bruntingthorpe proved a big hit with buyers last week, by achieving sales close to £1million.

Aston Barclay has announced the launch of its e-Xchange wholesale online used vehicle trading platform, enabling vendors to sell unwanted or duplicate used stock.

The used car market is undergoing a market correction, and the pace of change has accelerated in May, according to experts at Cap HPI.

The UK’s used car market was stable in the first quarter, down just 0.6%, according to new figures released today by the Society of Motor Manufacturers and Traders (SMMT).

Manheim has secured a preferred supplier remarketing partnership with Zenith until 2021.

CD Auction Group has appointed Paul Barnes as buyer development manager to work across Auction and Salvage Auction.

Manheim revealed it will move from the current monthly HGV online auction to a hybrid weekly programme, with alternating physical and online auctions.

The Vehicle Remarketing Association (VRA) revealed that its next meeting will cover how remarketing is being shaped by digital advances in the used car sector.

Motorline has agreed an exclusive two-year remarketing deal with BCA which will see 12,500 vehicles sold annually at BCA’s Paddock Wood site in Kent.

CD Salvage Auction (CDSA) is now providing videos of salvage auction vehicles on sale on its site to create a more transparent and easier vehicle buying experience.

Used fleet vehicles saw values fall and age and mileage rise in Q1 as the introduction of WLTP led organisations to keep vehicles for longer, says Aston Barclay.

Vauxhall Finance has signed a remarketing contract with Aston Barclay to manage its end-of-contract disposals.

Sub-standard repair work to used cars is becoming a bigger problem thanks to the rise of personal leasing, says the Vehicle Remarketing Association (VRA).

Average values for fleet and lease, dealer part-exchange and nearly-new vehicles all improved compared to the previous month’s figures, says BCA.

Manheim has revealed a five-day mega event with over 1,000 vehicles from Marshall Motor Group, as dealers look to capitalise on used stock.

BCA has updated its Buyer app with improved search functions and picture viewing capabilities.

Used diesel car prices increased again in Q1 2019 to £13,226, the highest level since it launched its quarterly used car prices report in 2015.

Adesa UK is urging leasing companies and fleet operators to factor in disposal costs before committing vehicles to remarketing.

Halliwell Jones has agreed a new two year deal with BCA, while Manheim has renewed its long-standing partnership with Group 1 Automotive until the end of 2019.

City Auction Group has strengthened its senior management team with the appointment of three new directors, a new chairman and chief executive.

Aston Barclay has announced two senior appointments to head up its new digital solutions business which is based in the group’s new mega auction centre in Wakefield.

Robins & Day has re-signed its solus disposal contract with Aston Barclay under its new group used car brand of By PSA Retail.

Strong demand kept values of vans sold at Manheim in February steady, according to the remarketing company’s latest figures.

City Auction Group has just signed a new partnership with IT Fleet Automotive to provide a range of defleet services to existing and potential new customers, at the Group’s Rockingham facility.

Demand for used vans remained strong in February, with 82% selling first time – up 1% on January 2019 – says Manheim.

An increasing number of ex-lease vehicles are being repatriated back into franchise dealer networks by manufacturers as demand for used stock increases, says Epyx.

Aston Barclay has rolled out its enhanced refurbishment service to buyers across its UK network.

BCA’s specialist LCV Pulse report showed average values for used light commercial vehicles rose during January 2019 at BCA.

February saw the first downward movement of used car values in the month since 2008 with a fall of 0.6%, according to Cap HPI.

Aston Barclay has appointed automotive data experts Cap HPI to exclusively handle its vehicle data requirement.

G3 Remarketing will move its entire fleet over to ultra-low emission vehicles (ULEVs) by the end of the year.

Demand began increasing for EVs in the second half of 2018 and has continued into 2019, according to Alex Wright, managing director of SVA.

Manheim has renewed its partnership with Hendy Group for a further four years, marking 17 years of collaboration.

The mileage of an average used car aged between 2.5 to 3.5 years old dropped from 39,583 miles in 2008 to 31,199 in 2018 – a 21% decline, according to Cap HPI.

A no deal Brexit is so close contract hire and leasing companies are now frantically reviewing what plans they have in place should the industry suddenly find it difficult to access the supply of key brands.

Large fleets disposing of thousands of cars and vans every year are becoming more trusting of automated methods of disposal and cascades are becoming much more widely used, according to epyx.

Aston Barclay has launched its Vendor Calculator to provide dealer and fleet vendors with real-time market intelligence “in the palm of their hand” during live auctions.

Vehicle auction company recorded an all-time high in vehicle sales, up 11% year-on-year in 2018, making it the firm’s most successful year since its launch in 2010.

Snows Group has appointed BCA to support its used car programme, with a new three-year contract.

Independent vehicle auction company, G3 Remarketing, has announced a record-breaking year for the business in 2018.