Fleet remarketing - Page 35

As part of the recent ‘Transforming DVLA Services’ consultation the Vehicle Remarketing Association (VRA) has met with the DVLA in a high level show of support for the Government department in its quest for change.

The continuing change in the profile of available used cars in the current market is creating both challenges and opportunities for the retail sector, according to the VRA.

Aston Barclay Group has named the date which its auctioneers’ gavel will first fall at its newly acquired site in Leeds – beginning the next chapter in the company’s 27 year history.

Average values in the fleet sector have increased by 2.5% (£157 to £6,427) in March, with strong performances for the Large Family segment and Coupes, according to the latest figures from Manheim.

Overall used van values may have fallen during March, but values in the fleet and lease LCV sector bucked the trend, according to data from BCA.

Changing sector mix, rising volumes and seasonal pressures saw average used car values fall by £270 (4.3%) in March, while fleet/lease values improved to the highest point in nearly two years, according to BCA’s latest Pulse Report.

Recent research by Manheim Remarketing has uncovered a significant difference in the relative performances of vans sold online when compared with those sold in the auction hall.

Tesco Cars has shut up shop exactly one year after launching its car retailing service on the back of the established Carsite.co.uk infrastructure.

BCA has doubled the sales capacity at the Measham Commercial Remarketing centre with the opening of a second auction hall, while also improving the existing facilities with a new undercover drive through canopy.

Records were smashed as 1,107 buyers attended the 1,000 car BMW Group sale at Manheim Auctions, Colchester, where a record £14 million of cars were sold making it the biggest ever sale and the highest value of stock sold for a single manufacturer vendor outside of the USA in a single day.

SMA launched its new ‘SMA Support Services’ division at the beginning of March and within 10 days the demand has been so strong that the business has started to recruit for a further 50 posts across the UK.

The UK’s two biggest car and van auction houses are selling an increasing number of vehicles through online platforms.

Huge crowds of buyers and hundreds of online bidders participated in the special Lex Autolease Convertible sales staged simultaneously at the BCA Blackbushe, Surrey and Belle Vue, Manchester auction centres on St Patrick’s Day (Saturday, 17th March).

Manheim has today announced the acquisition of Motors.co.uk, the UK’s second largest online used vehicle classified business, from DMGT (The Daily Mail and General Trust).

The Ford Fiesta has been the UK’s 'favourite' used car for two consecutive years, according to new analysis from Experian.

The Retail Automotive Alliance Ltd (RAA) has confirmed a new two year deal with Manheim for the remarketing of nearly 60,000 cars up to the end of 2013.

Average wholesale used van values increased by 3.7% (£150 to £4,209) in February, reinforcing an underlying strength in the market, according to analysis from Manheim.

Steve Weston, general manager, Manheim Inspection Services, on getting the most from vehicles at defleeting time.

Manheim Remarketing will host one of the World’s largest ever single manufacturer auction sales to take place at Europe’s only four lane auction centre, Manheim Colchester, on Friday, March 23.

Fewer company cars will be de-fleeted over the next couple of years as a result of the dip in new fleet registrations during 2009 and 2010, combined with a fall in early terminations and a continuing trend for organisations to retain cars for longer.

Used LCV values fell by £211 in February to £4,272 according to BCA’s latest figures, a 4.7% drop from the 20-month high recorded in January.

Fleet and lease used car values increased by £279 (3.7%) to £7,714, the highest point in over a year and one of the highest average values on record, according to BCA.

British Car Auctions (BCA) has released new data on the most popular colours for used cars sold at auction at the beginning of 2012.

Vendor Online aims to enable vendors to attend auctions even if they are not there by allowing vendors to log on and ‘attend’ more than one auction at once to represent their vehicles as if they were standing on the rostrum with the auctioneer.

Activity on Simulcast at Manheim Auctions, Gloucester, continues to break records after a total of 180 trade buyers from around the country made nearly 900 online bids for 151 vehicles and bought 80 of those commercial vehicles this month.

A dearth of stock in the used car sector may be helping to boost fleet values, but residual value gains may not be felt for every category of vehicle this year.

BCA is reporting a strong January for LCV sales, with rising prices across the board and record sales results.

Mazda had a successful debut at Manheim Auctions, Bruntingthorpe, last month at its first ever physical closed auction. It offered 150 vehicles which achieved a 99% conversion with a total sales value of £1.83 million.

BCA’s latest Pulse report shows that average values fell by £411 in January, equivalent to a 6.3% drop compared to December’s record value, while fleet and lease values dropped by £223 (2.9%) to £7,435.

Manheim’s latest monthly Market Analysis for Vans reveals that average wholesale used van values increased by 1.1% (£46 to £4,059) in January.

Autorola has launched a new online remarketing initiative aimed at protecting a company’s brand when it disposes its used cars to the motor trade/wholesale market.

More dealers are buying stock online rather than visiting traditional auctions and traders, as difficult conditions persist in the used car and van market, says epyx.

Demand for used Saabs in the wholesale market is recovering despite the fact that the carmaker has gone into administration.

Activity levels were at a record high across the entire SMA Vehicle Remarketing business in January, with the auction network and on-line services all recording strong demand.

The volume of used Superminis and Small Hatchbacks coming to auction from the fleet sector increased by 5% to 22% last month, when compared with January 2011, according to the latest Manheim market analysis.

BCA has announced the retention of two major volume contracts, with UKcargroup.com and Jardine Motor Group committing to sell the vast majority of their combined volume with BCA into 2012. The UKcargroup.com and Jardine agreements are for 12 month periods.

The RSPCA has recently awarded Shoreham Vehicle Auctions a solus deal to handle all the remarketing of its ex-fleet vehicles.

New emissions rules could spell unforeseen costs for operators - sparking caution and lower residual values in the used market.

Manheim is to close its Middlesbrough auction centre following a review of its physical auction infrastructure to meet the expected challenging market conditions of 2012 and beyond.

Manheim’s latest monthly Market Analysis for Vans reveals that average wholesale used van values fell by just 1.3% (£54 to £4,013) in 2011 despite a significant increase in average age of nine months to 59 months and an increase in average mileage of 11,889 miles to 82,445.