Fleet remarketing - Page 38

At Saturday’s National Association of Motor Auctions (NAMA) annual general meeting, Andrew Hulme of British Car Auctions (BCA) was appointed the new chairman.

Battery leasing for electric vehicles is likely to provide wholelife costs superior to other commercial approaches, research suggests.

Aston Barclay's recent contract wins and ongoing multi-million pound investment in infrastructure reveal a concerted effort to strengthen its appeal as a major player in the remarketing industry.

LeasePlan UK has announced that it is strengthening its operations team with the appointment of James Hopkins as head of remarketing.

Aston Barclay is advising its vendors to be “realistic” when valuing their vehicles and setting reserves.

The decision by the European Parliament to ensure 100% of vans are sub 147g/km CO2 emissions by 2020 could create a two tier used market, according to Shoreham Vehicle Auctions’ managing director Alex Wright.

IM Group has extended its relationship with Manheim Retail Services, signing a three-year contract to support the Approved Used Car Programmes for Subaru and Isuzu.

Used commercial values held firm as sold volumes again rose sharply according to the latest data from BCA.

National Association of Motor Auctions (NAMA), which is part of the Retail Motor Industry Federation (RMI), is the new name for the Society of Motor Auctions.

The Vindis Group has appointed Manheim Auctions for the remarketing of its part exchange stock at the new Monday sale at Bruntingthorpe and on Tuesdays at Northampton.

The wholesale used van market continues to perform strongly despite ‘flat-lining’ UK economic growth, says Manheim Remarketing.

Motorists lack the confidence to buy a car online, research by Manheim Auctions has revealed.

Fresh from signing an exclusive contract to sell cars for the WR Davies Group, Aston Barclay has signed a two-year agreement to increase the number of cars it will sell on behalf of Masterlease UK and the Leasedrive Velo Group to more than 3,000 annually.

Market conditions for wholesale used cars have “changed significantly” in the last two weeks with demand at auction for new stock dropping back, according to Roger Woodward, managing director of online seller, CD Auction Group.

Fleet used car values fell by £8 to £7,545 in March, according to BCA’s latest Pulse report, with CAP performance dropping by over a point to 96.4%.

Online used car retailer Autoquake, which was established in 2005, has gone into administration.

Online bidding doubles in first two months of 2011 after record year in 2010 at Manheim Remarketing.

Foray Motor Group signs up for Seller Advance at Manheim Auctions.

Car auction group Aston Barclay has made two new appointments as it continues to build momentum within the UK auction industry.

The Manheim Group has pledged to support Macmillan Cancer Support as its chosen charity for 2011 and fundraising kicked off with a special green themed Macmillan auction, inspired by Macmillan’s green branding, at Manheim Auctions, Birmingham.

Warmer and sunnier weather in the coming months will see residual values for convertibles rise significantly, according to data from Glass’s, the UK’s vehicle valuations experts.

Derivative uplifts are a more cost-effective way of enjoying higher specification than loading a car with options, according to CAP.