Fleet remarketing - Page 25

Values for ex-fleet cars sold by Manheim reached their highest levels for at least 12 months in September

Average fleet and lease used car average values rose by 0.5% in September, according to BCA's latest Pulse report.

Manheim once again saw younger and lower mileage stock keep used van values relatively stable in September considering a 42% increase in year-on-year volumes.

Manheim has announced plans to relocate its Leeds Commercials auction operation to its Shepshed site as a centre of excellence for commercial vehicles.

CAP reports average used car values remained steady in September, moving down by 0.7% at the three-year, 60,000 mile point.

Kia Motors UK has turned to Paragon to support its supply chain as it seeks to sell 100,000 cars a year in the UK by 2020.

While values fell back in August as each sector recorded a small decline compared to July, it was another steady month for the wholesale used car market.

The average values for de-fleeted cars were up 2.2% (£159) in August, according to Manheim monthly sales data, and 1.4% (£103) above the same month last year.

Refurbishment, transport, storage and inspection options have been added to the 1link system thanks to a new deal with Bruntingthorpe.

CAP says average value drops low at 0.6% but warns of storm clouds ahead

Manheim has acquired a majority shareholding in online vehicle logistics platform, Movex, which performs around 40,000 vehicle movements each year.

Smarter remarketing strategies will be needed by manufacturers and leasing companies if they are to be successful in the used car market in 2016, says Glass's.

Average de-fleeted supermini values were up 9.4% (£455) in July compared to the previous month, with ex-fleet MPV values also performing strongly.

Manheim saw record CV volumes in July, with a 45% increase in volume year-on-year, and average selling prices up 1.6% (£75) from June.

The strong influence of mid-range LCVs should enable continued price stability throughout 2015, according to Shoreham Vehicle Auctions.

Car dealers are backing proposals by the EU to introduce legislation to outlaw mileage correction firms by May 2018.

Aston Barclay has signed a two year deal to provide vehicle inspection and remarketing services to Venson Fleet.

Wilsons Auctions has joined with NextGear Capital to offer stock funding facilities.

Used van prices rose by 5.7% (£259) at Manheim's auctions last month, with volumes at record levels for June.

Residual values have stabilised throughout £4,599, representing the largest period of stability since November 2012, according to Shoreham Vehicle Auctions.

Used car dealers can now take advantage of a 90 day trial of Epyx's 1link used fleet disposal network.

A new white label disposal e-commerce platform from Epyx is designed to help motor manufacturers maximise their residual values (RVs).

Average values for light commercial vehicles rose by £50 in May to £5,558.

City Auction Group will have its new online bidding platform operational at its next auction on Thursday, June 11, at 9.30am.

An increase in the number of cars going to auction – thanks to the strength of the new car market – is casting a shadow over residual values.

Pressure continues to mount on used car margins as low quality trade stock brings ever higher refurbishment costs for dealers, say CAP Automotive.

Wilsons Auctions has announced yet another partnership with the independently owned and family-run car dealer Arnold Clark.

The second-hand commercial vehicle industry is now global thanks to the entrepreneurial spirit of used buyers, according to Autorola.

City Auction Group has just completed a six figure investment in technology, with the installation of a new online bidding system.

Prices of de-fleeted cars at auction rose again in April 2015, maintaining the year’s trend of consistent value increases.

Vehicle preparation will be key to sellers maximising residuals over the next few years as used car availability continues to improve, says Glass’s.

Members of ACFO and visitors to Company Car In Action 2015 are being urged to attend a seminar on end-of-contract mileage and vehicle wear and tear recharges.

The latest BCA Pulse report shows that the headline average value of a used car rose by more than £350 in April.

There are two distinct pillars emerging in the used LCV market, as volumes of vehicles aged two to four years and those over six-years-old witness growth.

City Auction Group has created a new fleet management department, following significant growth and development of its corporate vendor portfolio.

Difficulties in obtaining credit for some fleet operators has seen one leasing company prepared to fund used cars and vans as well as new.

Used car dealer Carcraft has announced it has gone into administration.

BCA has strengthened its commercial vehicle sales team with the appointment of Dominic Burr and Jonathan Earp.

The average age and mileage of used vans being sold on the Autorola UK remarketing portal increased during Q1 2015.

Improvements in the way Manheim uses data will help defleeted vehicles sell faster and for more money, according to divisional managing director Tim Hudson.