Fleet remarketing - Page 2

Octopus Electric Vehicles has signed a fleet remarketing deal with Dealer Auction to create an digital marketplace for its used electric vehicles.

Used LCV values stabilised as 2024 drew to a close, according to the latest BCA Valuations data.

There are positive signs for the fleet remarketing sector with the latest sales data suggesting an improving used car market.

Dionne Hanlon, senior editor for LCVs and motorcycles at Cap HPI, looks at what lies ahead for the van market, including regulatory pressures and economic challenges.

The new centre is expected to be completed in the next couple of months.

The most popular new car colours have been revealed by the Society of Motor Manufacturers and Traders (SMMT).

The company says it is on track to sell more than 40,000 units over the next 12 months as the used EV market continues to grow.

Andy Picton, specialist RV analyst at Glass’s, analyses the performance of both new and used van markets in December.

Mistrust of valuation forecasts, more vehicle recalls and the challenge of closing an EV servicing gap to define Britain's struggling automotive market in 2025.

Electric vehicles now represent 37% of the total lease fleet and 44% of new additions, with some leasing companies already well above the 50% threshold.

Dylan Setterfield, head of forecast strategy at Cap HPI, examines the challenges posed by the ZEV mandate and how they require a coordinated response.

Prices of second-hand EVs and hybrids rise in the final three months of 2024.

Used car prices are predicted to rise in 2025 as the market deals with the impact of a Covid-affected 2022, where just 1.61 million new cars were registered.

Used battery electric vehicle sector in the UK remains the most stable of the 13 major European countries.

Andy Picton, specialist RV analyst at Glass’s, analyses data from both new and used van markets in November.

Government acknowledges impact of used EV values on the vehicle leasing industry and vows to work with the sector to address concerns.

Increased re-leasing or extending contracts may not be enough to ease the pain from the collapse in used battery electric vehicle prices, new analysis suggests.

Cox Automotive has launched an appraisal and valuation tool designed for light commercial vehicles.

The UK used car market is projected to see only modest growth in the coming years, according to the latest analysis from Cox Automotive.  

The decline in residual values on used battery electric vehicles have continued to impact the financial performance of Zenith.

Andy Picton, chief commercial vehicle editor at Glass’s, examines both new and used light commercial vehicle market performance in October.

The average price of a used Toyota Prius fell by almost a third (31%), the biggest decrease reported over the past 12 months.

October used car values remained strong at BCA on the back of sustained demand from professional buyers as sold volumes reached a new high point.

Used light commercial vehicle values improved and sold volumes continued to rise at BCA during October.

Pre-tax profits for the FN50 have fallen by almost a third year-on-year after hitting £2 billion for the first time last year.

A record 53,423 used battery electric vehicles were sold in Q3, a 57% increase, according to new data from the SMMT.

BCA is introducing a new electric vehicle battery health grading service, a first for the remarketing industry.

Used battery electric vehicles (BEVs) were the best-performing fuel type for the second consecutive month, according to the latest analysis from Cap HPI.

City Auction Group is expanding its secure vehicle storage facilities with three new PurpleRock centres in Edinburgh, Oakham and Peterborough.

The current healthy used car market could deteriorate rapidly in Q4 thanks to a combination of emerging issues, the Vehicle Remarketing Association is warning.

The dominance on the new electric vehicle market by fleets is leading to a lack of appropriate stock for used buyers.

There was positive news for used battery electric vehicles (BEVs) in September, with values increasing for the first time in two years.

New research commissioned by the BVRLA suggests that between 2024 and 2030, used EV car prices are predicted to fall by a further 28%.

Used EV values have fallen 50% over the past 24 months, with Fleet News revealing how leasing companies have been exposed to the losses.

The vast majority of car buyers – some 87% – will not pay more for an electric car, according to new Auto Trader research.

Andy Picton, chief commercial vehicle editor at Glass’s, examines the performance of both new and used light commercial vehicle (LCV) markets during August.

Pre-tax profits for vehicle leasing company Lex Autolease have plummeted by more than £400m, according to newly-filed accounts.

Used battery electric vehicles continue to interest retailers, with an improvement in auction conversion rates.

Average values have been under pressure since Q2, with a large supply of standard model vans creating significant market pressure.

Manheim Auction Services, part of Cox Automotive, is investing a seven-figure sum to create a super centre in Gloucester.