Fleet remarketing - Page 12

An expected surge of used cars into the wholesale market, as lockdown restrictions are gradually lifted, look set to be remarketed online.

The impact of Covid-19 on the wholesale and retail markets for new and used cars as well as LCVs has been revealed by Cox Automotive UK.

Cap HPI has introduced a package of specialist services to help fleet and finance companies through the Covid-19 pandemic.

Digital auction platform Adesa UK says the way defleeted cars are remarketed will undergo a paradigm shift to online when coronavirus lockdown restrictions ease.

Shoreham Vehicle Auctions (SVA) expects used car and van prices to stabilise and then increase once the coronavirus lockdown is lifted.

A new Indicata Market Watch report shows an increase in used car sales for European countries coming out of the coronavirus lockdown.

Average fleet prices rose by 1.7% (£174) from £9,799 in Q4 19 to £9,973 in Q1, helped by average mileage reducing 3,322 miles in the quarter.

The VRA says the security of used cars and vans, without access to formal storage facilities, could be a growing problem during the pandemic.

Rupert Pontin, director of insight at Cazana

BCA sales has announced all vehicle auctions will go online only to ensure the well-being of customers and staff in relation to the ongoing coronavirus crisis.

Aston Barclay’s Prees Heath and Wakefield auctions have both broken records as the UK used car industry experienced a bumper start to 2020.

Average values for used light commercial vehicles (LCVs) rose across the board during January 2020, according to BCA’s LCV Pulse report.

BCA’s Buyer app has received a major update with the introduction of a new digital ‘Sale Day’ catalogue.

Mobility services will create demand for whole new range of remarketing services, says VRA.

BCA sold a record-breaking 1,100 vehicles on behalf of Volkswagen Financial Services (VWFS) at its Perry Barr site on January 21.

Strong demand for used petrol and diesel cars continued in 2019, with sales of the latter down just 0.6% to 3,297,953 units and a 41.7% market share, says the SMMT.

The Vehicle Remarketing Association (VRA) is concerned that some of its members could face a “charging crisis”.

The average end of contract (EOC)charges for vans increased by 12% over the past 12 months, from £376 to £420, according to the latest data from the FN50.

Cargiant has agreed to extend its remarketing contract with Aston Barclay, continuing a 20-year long relationship with the auction house.

The family-run business will dispose of over 1,000 used cars each year through Aston Barclay’s Westbury site in Wiltshire.

Manheim is celebrating a record-breaking £6 million in HGV sales in 2019, following a programme of investment in its dedicated HGV Hubs.

The used market saw overall values rise 0.6% in January compared to an average decline for the last eight years of 0.4%, according to data experts at Cap HPI.

The UK used market finished Q4 2019 as strongly as it has started 2020, according to the latest Aston Barclay Market Insights report.

A challenging used car market in 2019 has had a significant negative impact on the optimism of leasing companies for RVs in 2020, the FN50 survey suggests.

The average values for fleet and lease, and dealer part-exchange vehicles rose to record levels at BCA in December 2019.

Prices of used hybrids and electric cars reached a record level in Q4 2019 according to the latest used car report from Autorola.

First time conversion rates continued to hold their own in December at 85.5%, data from Manheim shows.

Written by Rupert Pontin, director of insight at Cazana.

Group 1 Automotive has signed a new and exclusive deal with BCA to support its used car programme.

Average values improved by £227 (3.2%), year-on-year, for light commercial vehicle values at BCA in November, 2019.

By Rupert Pontin, director of insight at Cazana

Aston Barclay is hosting two major online sales over Christmas to help used car buyers source stock.

Additional stock will be available 24/7 over the Christmas holidays via BCA Bid Now and Buy Now, with new stock added every day.

New figures show that the proportion of diesel cars on the FN50 fleet fell from almost two-thirds (63.4%) to half (50.5%) over the past 12 months.

BCA is reporting significant buyer interest in a new fortnightly auction of electric vehicles (EVs) and hybrids.

BCA selected for Ancaster Group remarketing plans.

Baylis Group has awarded Aston Barclay a solus remarketing contract worth 2,000 units a year

Cazoo has launched today, with the aim of delivering better selection, value, convenience and quality to used cars buyers across the UK.

Aston Barclay has secured a two-year contract extension with Ogilvie Fleet, becoming its remarketing partner until 2021.

Fleet volumes at Manheim increased by 8.2% year-on-year and 22% month-on-month in October, reports Cox Automotive.