Fleet remarketing - Page 18

A £21.5 million claim brought against BCA Trading Limited by the founder of Tradeouts Limited, a digital platform connecting car dealers, has been dismissed by the High Court.

Fleet and lease stock sold through BCA in February returned the second highest value on record, with values rising to £10,972.

Having fallen in January, fleet and lease LCVs rose in value in February as demand remained high and volumes eased slightly.

BCA has announced the trial of a new mobile buyer app that will provide tools for both physical and digital customers to make the buying process easier.

Liquid Fleet will be selling a total of 1,000 used cars and light vans in the first 12-months with stock going through the weekly Wednesday fleet auction.

Aston Barclay Westbury’s deal with Wessex Garages and MotoNovo will see a new sales programme and site modifications for second auction hall.

H.R. Owen has announced a new deal, extending its contract with BCA to remarket part exchange vehicles for another year.

Values for used diesels grew by 5.95% in February, according to Cox Automotive.

Taking place on March 22 at CD Auction Group in Corby, it will include a detailed presentation on how to handle the recent Advertising Standards Authority.

Investment will enable Aston Barclay to increase its site capacity and to build a twin turntable inspection bay.

The used car demand has remained strong and as it stands today, despite plenty of rhetoric to the contrary, diesel values demand in the retail market remains good and as such both retail and Cazana remarket values have remained largely robust.

In mid-2016, around 32% of its vehicles were sold online through its Motortrade platform but, by the end of last year, this had increased to nearly 60%.

City Auction Group is celebrating its three-year anniversary at the Rockingham auction facility, where it achieved record-breaking growth last year.

Used diesel car values have hit a two-year high with strong interest in them continuing from trade buyers and their retail customers, says Aston Barclay's 2017 Market Insights report.

The UK’s used car market fell by just 1.1% compared with the previous year, as more than 8.1 million models changed hands, according to the SMMT.

Construction company’s collapse raises questions over future of 10,000 vehicles.

LeasePlan reports a 9.7% rise in profits and says it wants to lead the trend from car ownership to usership to subscription in both new and used car markets.

BCA has launched a new commercial vehicle auction programme with new regular sales starting in Blackbushe, Glasgow and Wolverhampton.

Average used car values returned to more typical levels in January, after the seasonally affected values recorded during December, according to BCA.

Aston Barclay’s 2017 Market Insights report suggests that used diesel cars are showing no signs of losing their appeal.

BCA Newcastle has reported record levels of trading in the first weeks of January with 600 used cars sold in one week.

Hydrogen powered cars will have much stronger residuals than combustion or electric models.

Harcus Sinclair say that more than 4,000 used car buyers have registered their interest in the used car mis-selling group action.

Aston Barclay Prees Heath has broken a 20-year old company record by selling 290 units in one day – a feat that hasn’t been achieved since 1998.

The UK automotive sector is set to create a new record for data movements in 2018, says Cap HPI.

Trading has started strongly for BCA in 2018 as the company offered and sold more vehicles in a single week than at any time in its history.

Gateshead Council Trading Standards prosecuted Peugeot Citroen Retail UK for an offence under the Consumer Protection from Unfair Trading Regulations 2008.

The Car People has been acquired by the Sytner Group to accelerate the expansion of the dealer group’s used car supermarket division.

BCA has appointed digital marketing specialist Dene Jones as chief marketing and data officer. He will commence his new role in February 2018.

Manheim has renewed its three-year 40,000-unit remarketing deal with Listers.

Aston Barclay has renewed its solus agreement with Cargiant, which will see its Chelmsford site handle over 24,000 part exchanges over the next two years.

Epyx has announced that it is expanding its 1link Service Network e-commerce platform into Ireland this year.

Speakers include Clare Jackson of Ecuity Consulting on the Swindon Hydrogen Hub, Paul Marchment of Arval on its hydrogen fleet car trial and John Hunt of Toyota

Black is the most popular colour for new cars, taking top spot in 2017 for the first time in five years, according to the SMMT.

The G3 Group has announced a number of heavily invested internal technology innovations, in preparation for further growth in 2018.

CD Auction Group has become the latest company to sign-up to ICFM’s rapidly expanding Corporate Investor Programme and the first from the vehicle remarketing sector.

Average values for ex-fleet and lease cars sold at BCA in December remained near record levels.

The market for used commercial vehicles is set to remain strong through 2018, according to experts at Cap HPI.

Meridian has appointed Russell Brooke as its “first ever” remarketing manager, in response to increasing its fleet to 400 units.

Automotive data expert Cap HPI has promoted James Pass to the role of head of finance (sales).