Fleet remarketing - Page 27

The average value of used cars sold at auction across the board decreased from £5,595 to £5,512 last month, although this remains 12% above the average price achieved in August 2013, according to the National Association of Motor Auctions (NAMA).

The used van market shrugged off seasonal apathy usually seen in August to push average prices at auction up by more than 15% over the past year, according to Manheim.

Latest figures from Manheim’s monthly Market Analysis show relative calm in the defleet sector, with prices falling just £14 (0.2%) between July and August 2014. This follows a marginal fall of £103 in the previous month.

Manheim has promoted current chief operating officer, Michael Buxton, to the role of chief executive officer over its operations in the UK, with effect from September 10, 2014.

BCA is reporting a strong second quarter of 2014 in the used commercial vehicle sector.

Average used car values declined in the fleet and lease sector for the third month running, according to BCA’s July Pulse report.

Average prices of used vans sold through Autorola’s online remarketing platform have increased for the third quarter in a row to record levels.

Experian Automotive, part of the Experian Group – has released data which shows that the more economical and greener electric and hybrid vehicles are becoming more popular in the used car market.

Fears that the explosion in new cars financed on PCP will lead to oversupply in tomorrow’s used market are unfounded, according to CAP.

Average prices of used cars sold online by Autorola in Q2 2014 rose by just under 5% from Q1 2014.

Prices of de-fleeted cars at auction strengthened during June, according to the latest Manheim Market Analysis.

Newly released data from BCA shows that average used car values continue on a long term upward trend as the economy continues to recover.

Performance of the used van market has now smashed all pre-recessionary records, according to Manheim.

British Car Auctions (BCA) is offering the thousands of small enterprises that use vans some useful advice on what to consider when buying their next vehicle.

BCA’s latest Pulse report shows that the headline average value of a used car continued to increase in May, rising by £44 to a new record monthly average of £7,597.

Average values for commercial vehicles reached record levels in May, the fifth time in the last six months a new record has been set according to BCA’s figures.

Mike Pilkington, managing director of Paragon Automotive, looks at shaping vehicle disposal strategy.

Commercial vehicle buyers are purchasing more car-derived vans (CDVs) and small panel vans, due to a chronic lack of larger panel vans over 3.5 tonnes, according to the latest market analysis from Manheim.

Lex Autolease has opened a new multi million pound car supermarket and vehicle processing centre in Coventry, creating 30 new jobs.

Leasing companies and pricing experts are predicting that the used car value bubble is likely to burst, while a booming new car market will increase the pressure.

SMA Vehicle Remarketing’s Birmingham centre is the first in the group to install an electric charging point on site.

Jon Mitchell, UK sales director at Autorola, investigates the growth of online auction platforms.

HK Remarketing, part of the Hudson Kapel Group, has secured a new contract with Ogilvie Fleet.

The latest market analysis on the wholesale LCV market from Manheim shows average values bounced back to near-record levels of £4,735 during April 2014, reflecting a fall in average mileage from 80,302 to 80,191 and a reduced average age from 65 months to 63 months.

The used car market in a small part of South East England is defying the rest of the country as conversion rates and prices remain buoyant, according to Shoreham Vehicle Auctions (SVA).

The average value of used cars sold at auction across the board decreased 3.4% from £5,259 to £5,153, according to the National Association of Motor Auction's monthly market report.

Average values for used commercial vehicles rose to record levels in the first quarter of 2014, up by £641 (13.4%) over the twelve month period, according to BCA.

Prices of de-fleeted cars at auction fell in April, as the age and mileage of vehicles rose slightly, according to Manheim’s latest monthly barometer of auction activity.

BCA’s latest Pulse report shows that the headline average value of a used car increased in April by £166 compared with March to £7,553 - the highest monthly value this year and the second highest on record.

Manheim has held its first open online van auction, part of Manheim's new online trade sales programme, which now includes a 'Bid & Buy Now' facility and features both 24/7 listings and specific timed events.

Manheim’s Market Analysis report for March 2014 shows that the average selling price of de-fleet vehicles increased by £715, or 10.1%, during the month.

CD Auction Group is supporting the Great Ormond Street Hospital Children’s Charity with a special 25th birthday online auction, which will take place on Wednesday, May 14.

The National Association of Motor Auctions (NAMA) reports the average values of used LCV’s at auction across the board decreased by 1% from £4,844 to £4,794 between February and March.

Manheim has hosted its largest online auction to date, with manufacturer Nissan achieving 100% conversion at a special closed sale for its franchised network.

Average values for commercial vehicles reached record levels for the fourth consecutive month according to BCA’s latest figures.

Aston Barclay has launched the AB Live app, which allows buyers to bid in sales across the Group’s four auction centres from wherever they are with a Wi-Fi or 3G connection.

The partnership between British Car Auctions (BCA) and the AA is giving auction buyers even more knowledge on vehicle condition ahead of making a bid.

SMA Vehicle Remarketing is reporting exceptional levels of volume and conversions along with increased buyer footfall digitally and across their network of auction centres during the first quarter of 2014.

Car supermarket Carcraft has announced that Robin Bridge CEO has led a management buyout, buying the business for an undisclosed sum from the McKee brothers, with support from Apollo Ventures.

National used car retailer ACF Car Finance says that former fleet-owned vehicles now often need extensive and expensive servicing before they can be offered for re-sale.