Fleet remarketing - Page 29

The Retail Automotive Alliance Ltd (RAA) has confirmed a new deal with Manheim for the remarketing of more than 25,000 vehicles annually.

Roger Woodward, managing director, CD Auction Group, says the big boys in the remarketing industry are using their commercial muscle to lock-in vehicle supply.

Manheim’s latest Market Analysis highlights that the average selling price of ex-fleet vehicles adjusted slightly from the record high achieved in October, with values falling by £131 during November.

LCV fleet values were up by almost a third in November 2013, compared to 2012, according to BCA.

Used van values hit a record high in November, according to figures from Manheim’s market analysis of the wholesale light commercial vehicle market.

Average values continued to surge to record levels in the used car market according to BCA’s latest Pulse report.

CAP is introducing a significant change to its residual values forecasting model, with a year-over-year deflation percentage prediction replacing the traditional depreciation curve.

Manheim has continued to see online records tumble ever since its first digital vehicle auction platform was launched nine years ago.

SMA Vehicle Remarketing is extending its partnership with Vehicle Trading Group to offer dealers an even wider stock funding service, backed tup with on-site stock funding offices and support across the SMA network.

Manheim is warning that dealers collecting stock in December and waiting for the January 'bounce' could be taking a risk.

Average values of used LCVs at auction across the board rose by 7.7% from £4,346 to £4,681 between September and October, according to data from the National Association of Motor Auctions.

The average value of ex-fleet cars sold at auction during October increased 5% from £8,250 to £8,625, according to The National Association of Motor Auctions (NAMA).

A defleet to sale time of seven days is being consistently achieved by Zenith through 1link Disposal Network.

Paragon has won two major contracts; the renewal of its contract to defleet and refurbish all of Renault UK’s company, demonstrator and rental vehicles and a new reconditioning contract with Renault Credit International Financial Services (RCIFS).

Many motorists are still in the dark about the true value of their car - until they check the facts, according to independent car information experts CAP Automotive.

Values in the fleet and lease LCV sector improved by £110 (1.7%) in October to £6,518 – the third consecutive month a record value has been achieved and the seventh record value seen in 2013, according to BCA.

Fleet and lease vehicles values dropped in the second half of October due to an increase in volume and reduction in appetite, according to G3 Remarketing.

The average selling price of ex-fleet vehicles reached a record high of £7,724, according to Manheim’s latest market report for October 2013.

4x4 values are moving up with October showing a 7.3% increase over September, according to BCA, as demand is expected to rise into winter.

Vmoves is calling for a national training standard for vehicle inspections having identified £19million of damage charges over the past five years.

Proliferation of car choices risks confusion for tomorrow’s trade and consumers, says CAP.

Manheim has announced the completion of a deal to make a 'financial investment' in the Car Group, owner of the wewantanycar.com consumer car buying service.

A January 2013 ‘62’ plate 180ps VW Amarok made its manufacturer auction debut last week at Manheim’s Bruntingthorpe auction centre in Leicestershire.

Reduced values and increased supply have set the scene for a used car market 'soft landing' toward the end of the year, according to CAP Automotive.

The new dedicated sale day for light commercial vehicles at BCA Glasgow is proving popular with customers.

Manheim has overhauled its digital offer for both buyers and vendors in response to an 18% increase in vehicles sold online.

The average values of used LCV’s at auction across the board rose by 4.4%, according to data from the National Association of Motor Auctions.

SMA Vehicle Remarketing, the UK's largest independent vehicle remarketing group, has switched all of its banking facilities to Lloyds Bank as part of a new £13.8 million funding package.

One of Europe's biggest single vendor auctions will be returning to Manheim's Colchester centre this month when Lex Autolease, the UK's largest provider of fleet management solutions, offers more than 1,000 ex-fleet, finance and commercial vehicles for sale.

Average values for light commercial vehicles reached record levels in September, according to BCA’s latest Pulse report, as demand for good quality vans from professional buyers continued to outstrip supply.

Used panel vans have been likened to fine wines for continuing to appreciate in value at auction despite a marked increase in their age.

Experts are divided as to whether residual values could suffer as a result of a growing new car market.

The price of de-fleeted cars at auction rose for the first time in three months, with values increasing by £390 (or 5.6%) during September, according to Manheim.

Average values continued to rise in the used car market in September according to BCA’s latest Pulse report, with both fleet/lease and dealer part-exchange values reaching record levels.

Auction company Manheim is predicting an increase in vehicle supply to the UK wholesale market during the next six weeks.

Demand for used cars continues to be very strong across the SMA Group, with the business continuing to exceed record sales volumes.

Bruntingthorpe Integrated Automotive Solutions has won a major five-year contract to provide central de-fleet services to BMW.

Jardine has staged the biggest sale yet in its exclusive remarketing partnership with BCA, as 340 cars were offered at the Bedford auction centre recently.

Duncan Metcalfe, head of remarketing, Alphabet, on why the old saying that a rising tide lifts all ships certainly applies to the car market.

Used car sales hit 7.1 million units in 2012, outpacing new car sales by climbing 6.4% and returning to pre-recession levels, according to the 2013 BCA Used Car Report.