Fleet remarketing - Page 22

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.

The average price of used cars sold through Autorola UK’s online remarketing portal fell in Q4 to £8,983 on the back of a higher average age and mileage.

Online sales values of ex-fleet stock beat physical auctions by an average of 1% or £220 per vehicle in 2016, according to new figures compiled by Epyx.

Glyn Hopkin has signed an exclusive three year remarketing deal with BCA, running until the end of 2019.

Used car prices rose in fleet, wholesale and retail markets in December, providing a strong finish to 2016, according to figures from Manheim and Motors.co.uk.

Having reached record levels in recent months, values for fleet/lease and dealer part-exchange vehicles at BCA fell during December 2016.

The used market looks set to finish 2016 with a healthy supply of cars matched by healthy demand from buyers, who are keen to purchase stock during a buoyant Christmas and New Year trading period.

BCA has put digital services at the heart of its future plans to make it easier for customers to manage vehicles across the automotive supply chain.

The LCV market continues to go from strength to strength and October did not disappoint.

Independent Motor Auctions has acquired West Coast Motor Auctions in a deal worth an undisclosed seven-figure sum to include the business and property.

The average value of a used fleet and lease van sold at BCA rose by £306 (4.4%) to £7,190 in October, the highest point since Pulse began reporting in 2005.

Wholesale and retail average selling prices for used cars rose in October, according to data from Manheim and Motors.co.uk, along with overall demand for SUVs.

Mercedes-Benz is to increase its remarketing volume to Aston Barclay by including the newly refurbished Westbury auction centre in its 2017 sales programme.

Škoda is piloting a new approach to selling used cars to try and make the process more personable and more informative to customers.

Aston Barclay has seen significant growth of 21% for total volumes sold in September, year-on-year, with overall auction activity proving extremely strong towards the end of Q3 2016.

Used fleet/lease car values at BCA increased by 1.3% in September to rise above £10,000 for the first time on record.

Using video technology to showcase cars in stock has helped Volkswagen retailers cut two weeks off the amount of time those cars spend on the forecourt.

The average price of used cars sold through Autorola UK’s online remarketing portal increased to a 2016-year high in Q3 to £9,211.

Imperial Car Supermarkets has signed an exclusive remarketing deal to dispose of part-ex cars through BCA auctions for the next two years.

Auction houses develop their own, but NAMA says national scheme would be ‘colossal workload’.

Fleets "hanging onto" cars and vans in an attempt to achieve unrealistic and inflated valuations are causing distortions in the used car and van markets, says Glass's.

The UK’s used car market grew by 7.9% to more than 4 million units in the first half of 2016, according to new figures published by the SMMT.

Automotive data experts Cap HPI has revealed the fastest selling used cars based on the latest market sales data.

Manheim has launched a new weekly ALD Automotive sale of returned fleet and personal lease cars at Bruntingthorpe.

BCA Marketplace is promising an “unrivalled network of refurbishment, fleet management and remarketing centres for fleets of all sizes”.

Glenn Sturley has been appointed chairman of the Vehicle Remarketing Association (VRA), following the retirement of John Davies.

Ian Denny has been appointed as head of sales - digital media at Cap HPI as a result of the growing influence of digital technology across the automotive supply chain.

Seasonal pressures pushed the used car market to a 1.6% decline in July reports Cap HPI.

Black is the new white for car colour according to latest data produced by automotive experts, Cap HPI.

Latest industry figures show clocking – where the mileage is reduced to increase a vehicle's resale value – increased by 10% from March 2015 to October 2015.

Manheim saw the average selling price for cars sold in its auctions rise by 9.4% in June to £5,918.

Manheim has processed the 7,000th vehicle through its dedicated Vehicle Solutions preparation centre in Leeds, which opened at the start of 2016.

Manheim Commercial Vehicles has broken records for vehicles sold, conversion rates and online sales in the first half of the year.

​BCA is celebrating the 70th anniversary of its first vehicle auction.

BCA has opened a new de-fleet operation in Doncaster, specialising in pre-delivery inspection (PDI), in-life fleet management and end-of-life refurbishment.

Aston Barclay has launched a new mobile inspection app to provide quicker inspections with enhanced reporting.

The used car market steadied in June as the pace of decline in used values slowed to 1% reports Cap HPI.

Less than 3% of vehicles sold at auction are ‘alternative fuel’; taking on average four times longer to sell than petrol or diesel, according to Venson.