Fleet remarketing - Page 34

Fleet industry data from Manheim’s monthly Market Analysis shows that prices paid for ex-company cars sold at auction continued to rise in September.

Aston Barclay’s Leeds has cemented its position as an established venue for fleet car auction sales - less than four months after it opened its doors for business.

Only 3% of motorists whose vehicles were damaged while parked had been left any contact details from the other party, according to research.

Eastbourne Car Auctions has moved to a new, purpose-built complex.

Average used LCV values fell by £154 (3.6%) to £4,075 in August compared to July, although year-on-year figures remained ahead, according to BCA’s latest Pulse Report.

As the SMMT reports a 0.1% growth in new car sales in August and a 3.3% increase for the year to date, British Car Auctions (BCA) has released its used car sales data for the month.

The used van market is facing a potential black hole of at least 375,000 vehicles due to the fourth consecutive year of low new light commercial vehicle (LCV) volumes.

Van Monster has opened a new depot in Slough’s retail hub to help it penetrate the Greater London market for the first time.

The used car market weathered the continuing economic storm to increase in both volume and value last year, according to the newly published 2012 Used Car Market Report from BCA. However, reflecting the economic backdrop, growth was slower last year and average values remained relatively flat.

The average value of a used car in the second quarter of 2012 was £5,891 – the highest ever recorded in a second quarter according to new data released by BCA. The BCA Quarter 2 2012 Pulse report also showed that year-on-year values were ahead by £197.

Aston Barclay has joined the big two (BCA and Manheim) in offering a growing suite of online products to the fleet and leasing sector. It launched Dashboard – a web-based solution providing dealer and fleet vehicle vendors with sales information – more than a year ago.

The process of remarketing ex-fleet vehicles is changing. Online auctions and a host of new technologies is making it slicker and helping fleets and leasing companies to improve residual values.

BCA Nottingham has won the ‘value award’ in the quarterly UK awards made by LeasePlan.

Average damage costs to company cars being incurred by fleets has more than doubled in the past 18 months.

A recently conducted independent survey showed Aston Barclay Group’s level of service and expertise in auctioning vehicles was top notch apart from a slight question mark over the sausages served at its Chelmsford site.

The average age of fleet cars being sold at auction has hit a high of 50 months and has been steadily rising over the past four years, according to Manheim.

The RMI’s National Association of Motor Auctions (NAMA) has launched its new code of practice.

Nearly thirty staff from LeasePlan attended the inaugural ‘Touch Metal' training sessions at BCA's Blackbushe and Measham centres in June and July.

Wholesale used van values rise year-on-year despite average age and mileage also increasing, reports Manheim.

The latest Manheim market analysis reports that average used car values in the fleet sector have jumped by 9.8% year-on-year, despite age having increased by an average of two months.

A change in mix saw the headline used car value fall by 2.2% in June compared to May while values in the fleet and lease sector continued to rise, according to BCA’s latest Pulse Report.

A 2008 Audi Q7 TDi Quattro S Line has become the fastest ever seller on BCA’s Buy Now online selling channel.

Alex Wright, MD of Shoreham Vehicle Auctions argues that an integral communications solution needs be to be the next piece of technology adopted as standard by van makers.

XBG Fleet has gone live with its very own online remarketing system courtesy of Autorola.

Aston Barclay Group’s Westbury operation has won the Quarter One 2012 Best Performing Car Auction Centre Award given out by LeasePlan.

New price data from BCA shows that while volume diesel cars continue to enjoy a substantial average price premium over petrol in the wholesale market, their retained value is actually lower over a 40-month cycle.

Consistent prices of around 97% of CAP Clean were being achieved during May for ex-fleet cars, while the buoyant light commercial market saw prices average 100% of CAP Clean, reports the Vehicle Remarketing Association (VRA).

Jon Mitchell, general manager, Autorola UK, on the future of auctions.

The used van market has plateaued a bit since the market dipped in the April bank holidays, so the major question on everyone’s mind now is, has the market lost its edge?

Manheim has won its eleventh LeasePlan award in recognition of industry leading service levels and commercial vehicle auction performances.

BCA has launched Appraise, Value & Sell, an online service developed specifically for UK retail dealers by British Car Auctions.

As the wholesale van market enters its traditional summer slowdown, compounded this year by the Royal Jubilee, European Championships and the Olympics, the challenge of unsold stock in the wholesale van market must be addressed head on.

BCA is reporting a strong first quarter for online sales having sold over 32,000 vehicles to Live Online bidders during the first three months of the year, the highest quarterly volume achieved to date.

South-east based dealer Essex Auto Group has adopted Autorola’s proactive used car data feed. The system allows the group to open up its used cars to thousands more online trade buyers without moving stock from the forecourt.

Used LCV values improved across the board for the second month running in May, rising by £99 (2.3%) compared to April to reach £4,370, according to BCA.

Average wholesale used van values fell by 4% (£172 to £4,123) in May, according to Manheim’s latest monthly Market Analysis for Vans.

The used car market recovered strongly from the April downturn as average values improved by nearly 9% across the board in May, according to BCA’s latest Pulse Report, while fleet values reached a new high point, averaging nearly £8,000 as BCA sold a slightly richer mix of cars during the month.

The latest Manheim Market Analysis reports that average used car values in the fleet sector have fallen by 1.2% (£78 to £6,634) in May.

Remarketing technology has evolved to become one of the most important tools for maximising returns for clients.

Data released in BCA’s Quarterly Pulse Report shows the average value of a used car in the first quarter of 2012 was £6,114 – the highest ever recorded in the first quarter since Pulse began reporting in 2005.