Fleet remarketing - Page 21

The average used van sale price at vehicle auction company Manheim rose 7.3% year-on-year in May to £5,040.

Cox Automotive’s wholesale and retail brands saw a year-on-year increase in sold volumes in May, with selling prices up across wholesale and retail markets.

Calling of snap general election also had some impact though not as much as the EU referendum.

The average value of ex-fleet and lease vans sold at BCA rose £88 to £7,179 in May, 1.2% higher than in April.

Average used car values fell by 2.5% at BCA in May, but professional buyers continued to bid strongly on a wide range of stock.

A multi-million pound management buyout of the Aston Barclay Group, led by new CEO Neil Hodson, has been announced.

CD Auction Group is confident it will see faster financial returns after securing PSA Finance UK as a vehicle remarketing partner.

CD Auction Group is expanding its operations in Corby with a dedicated commercial vehicle centre.

Snows Group and BCA have renewed their longstanding exclusive remarketing partnership for a further three years, with the new deal running until March 2020.

Aston Barclay has completed a £500,000 investment to refurbish its Leeds auction centre.

The Trade Centre UK has teamed up with BCA to remarket all part exchange vehicles generated from the newly opened car supermarket in Wednesbury.

The daily rental industry is learning the value of defleeting stock in ready-to-retail condition in order to maximise returns, says Meridian Vehicle Solutions.

Used car values dropped 1.6% overall during April, with the lower medium and city car sectors suffering the biggest slide by falling 2.5% and 1.9%.

BCA is aiming to help fleet operators and manufacturers shorten the amount of time a vehicle spends between defleet and dealer forecourt.

Mitsubishi has awarded BCA an exclusive contract to manage its supply chain from docks to in-life fleet management, de-fleet and remarketing.

Remarketing firm Adesa is launching its 'upstream remarketing' system in the UK, that allows the remarketing process to begin before the vehicle is fully defleeted.

Light commercial vehicle values fell slightly in March but remain at near record levels.

New investment by BCA in its automotive and supply chain operations has expanded capacity and triggered a number of innovations.

Hitachi Capital Vehicle Solutions has renewed its remarketing deal with Manheim for the next three years.

Cox Automotive observed increases in average selling prices and incredibly high buyer activity within the used car market in March.

Average values continued to rise in March as BCA reported steady demand from professional buyers and improved conversion rates.

BCA is expanding its Bedford centre to include new valet, appraisal and vehicle imaging services and a new training facility.

Conversion rates for van sales in March at Manheim increased by 3% from February, despite a 6% increase in volume, and were also up significantly year-on-year.

BCA has acquired 75% of Supreme Wheels Direct, a specialist in alloy wheel refurbishment, for an undisclosed sum.

FullAuction, the trade-only online vehicle auction site from Cooper Solutions, enjoyed record buying and selling activity in 2016.

BCA has supported its digital ambitions with the appointment of Fiona Hall as head of online products.

The UK’s auction halls are experiencing record volumes, according to BCA which saw its inventory hit record highs with more than 50,000 vehicles at points in February.

The average price of ex-fleet cars was recorded at £10,202, falling by 3.7% from February 2016,according to Manheim.

Manheim saw the overall volume sold at its van auctions rise 18.1% year-on-year in February, while average selling prices increased 12.6% over the same period to £5,443.

Three-year-old ex-fleet stock remained extremely strong throughout 2016 and into Q1 2017 at Shoreham Vehicle Auctions, due to the continued high demand in the used market.

Aston Barclay’s Leeds auction centre has been named LeasePlan’s Best Value Provider for its performance in Q4 2016 and for the year as a whole.

Vindis has signed a new two-year exclusive remarketing deal with Manheim, continuing a five-year relationship that has seen around 4,500 vehicles sold per year.

Britain’s used car market reached record levels in 2016 with 8.2 million vehicles finding new owners – an uplift of 7.3% – according to figures from the SMMT.

Work is continuing apace in Belle Vue, Manchester, where BCA is developing a new commercial vehicle remarketing centre.

BCA Blackbushe established record sold figures on February 2, when the centre staged the biggest LCV sale ever held in the BCA group.

Fleets are retaining their current replacement cycles to ensure they are best placed to use the company car as a powerful retention and recruitment tool.

Light commercial vehicle volumes rose sharply in January putting pressure on average values and conversion rates, particularly in the fleet, lease and daily rental sector where values fell by 1.0% compared to December.

Leeds-based Independent Motor Auctions has invested more than £200,000, increased its sales targets and added to its team as part of its expansion plans.

The Vehicle Remarketing Association (VRA) has appointed three new directors to its board: Rupert Pontin (Glass’s), Tim Hudson (Cox Automotive/Manheim) and Philip Nothard (Cap HPI).

Manheim has launched a weekly truck and trailer auction at its dedicated site in Coventry.